May 21, 2009

New data from Bank of Israel shows that we are hitting bottom

This is good news but ..............

Prof. John Kenneth Galbraith said The only function of economic forecasting (STKI-IT forecasting included)* is to make astrology look respectable”.

We will still see terrible results for Q2 and Q3 2009 but the light in the tunnel will come in Q4.
IT market in Israel will be down double digits for the year but will go into positive in 2010.

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