• Sun. Mar 3rd, 2024

Israel’s Economy: Overcoming Political and Fiscal Risks with Resilience and Innovation

ByEditor

Feb 11, 2024
Bank of Israel Governor Optimistic About Economy’s Recovery Despite Moody’s Downgrade, Calls for Action

Israel’s economy will bounce back from the impact of war, according to Bank of Israel Governor Amir Yaron. On Sunday, he stated that the country’s economy is built on solid and healthy foundations and praised it for leading the world in innovation and technology. However, Moody’s downgraded Israel’s sovereign credit rating to “A2” from A1 with a negative credit outlook due to perceived political and fiscal risks caused by the ongoing conflict with Hamas. Despite this downgrade, Yaron expressed confidence that the Israeli economy has the strength to overcome this challenging period and return to its former prosperity. He emphasized that addressing the economic issues raised by Moody’s is crucial for restoring confidence in the Israeli economy.

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