Karnit Flug: The state of the Israeli economy and challenges ahead Main points of a speech by Dr Karnit Flug, Governor of the Bank of Israel, at the “Calcalist” Capital Markets Conference, Tel Aviv, 19 November 2013.
*  *  *  I will begin by presenting the state of the Israeli economy and the challenges we face in the short term, and will then provide a brief discussion of the long-term challenges as well. The Israeli market, as we know, is heavily influenced by the global environment.