Israel's economy, he insists, can weather the global turmoil.
"The impact of the global turmoil has been highly differentiated.
Resource investments helped Australia weather the global turmoil of recent years better than other developed economies.
Under his tenure, Australia had weathered the global turmoil better than any other developed country.
Those moves helped China bounce back quickly from a sharp downturn set off by the global turmoil.
Similarly grim readings in Australia, China and India highlighted how the Asia-Pacific region has become caught up in the global turmoil.
Important players in Qatar view the global turmoil as an investment opportunity and are looking to plow more money into deals.
Markets were also on edge after the US Federal Reserve vice-chairman, Stanley Fisher, said there was a "pretty strong case" for raising rates in September despite the global turmoil.
The two remaining investment banks after the collapse of Lehman Brothers and the takeover of Merrill Lynch faced questions about their ability to withstand the global turmoil.
With their home values declining, many are considered likely to default, possibly adding to the global turmoil in the financial markets.
