A survey of Israeli capital market analysts found that 89.2% of them do not expect the financial crisis to result in the collapse of a large Israeli financial company. The survey covered 90 analysts at 50 investment houses. The survey was conducted during yesterday's Analysts Forum, which was managed by its chairwoman, Discount Bank VP Linda Ben-Shoshan, and Gelbart Kahana Investor Relations Ltd.
The survey found that 47.7% of the analysts believe that the likelihood of collapse of a large Israeli financial company is low and 41.5% believe that it is zero.
50.8% of analysts believe that real estate will be the industry taking the worst hit from the crisis, and 47.7% believe that the banking and financial industry will take the hit. Only 1.5% of the analysts believe that manufacturing will be the worst hit sector of the economy, and they are not all worried about telecommunications and high tech.
54% of analysts believe that the financial crisis will only end during the second half of 2009, and 27% predict that it will end in the first half of 2010. Only 12.7% of the analysts believe that the crisis will be over by mid-2009. 6.4% predict that it will continue beyond mid-2010.
39.1% of the analysts predict that Israel will achieve 1-2% GDP growth in 2009, 34.4% predict 2-3% growth, 17.2% predict 0-1% growth, and 7.8% of the analysts predict a contraction in GDP.
The average shekel-dollar exchange rate in three months time predicted by the 90 analysts is NIS 3.60/$.
Published by Globes [online], Israel business news - www.globes-online.com - on September 22, 2008
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