The Governor of the Bank of Israel says the economy’s rate of recovery from the coronavirus crisis is now expected to be slower than was initially projected.

 Prof. Amir Yaron said  that there was a great deal of uncertainty about the number of Israelis who would return from the circle of unemployment and unpaid leave and about the rate of the economy’s growth. 

 His comments came after the  Bank of Israel announced  that  GDP  shrunk by 7.1% in the first quarter of 2020.

KAN's Mark Weiss spoke with Yossi Frieman , the director general of Prico Investment House , and asked him if we should be surprised by the dramatic drop in GDP.