Therefore we must stress at every opportunity that sustainable growth determines the future of the economy, of society and of the state. And what led to this extremely good state of the economy?
A combination of three factors: the first: the structural changes in the economy during the past 15 years - the liberalization of the foreign exchange market, making it more flexible, privatization, the development of the capital market, opening it up to competition from abroad etc; the second: the responsible macroeconomic policies of the Ministry of Finance and the Bank of Israel; and the third: the background factors which are not always dependent on us.