Capital Markets Conference
Israel’s Budget Deficit Can Be Treated, But Inflation Will Be Impacted, Says Economist
Ori Greenfeld, chief economist and strategist at Israel-based Psagot investment House, spoke Wednesday at Calcalist’s annual Capital Markets Conference in Tel Aviv
The U.S. is going to see its growth drop below potential next year, as the Federal Reserve upped the interest too much and caused the real interest rate to rise, Greenfeld said, meaning there will probably be a drop in consumption. The trade war between the U.S. and China is here to stay, he said, as it’s essentially a battle for who will be the leading power in the next 20 or 30 years. Europe is also seeing its growth rate drop, he said, meaning that in terms of an investment portfolio Europe’s share should decrease.