Moody’s has lowered Israel’s credit standing for the primary time and forecast a unfavorable outlook for the financial system.
Massive army spending and a drop in revenues. Israel is borrowing closely to fund its warfare on Gaza.
And it’s now on monitor to run one in all its widest finances deficits this century.
Worried in regards to the fiscal and political dangers, Moody’s has lowered Israel’s credit standing for the primary time. The company has additionally forecast a unfavorable outlook for the financial system.
Israel’s finance minister has slammed the choice as a “political manifesto”. But is it?
Commercial actual property within the United States is faltering, and banks as far-off as Germany are feeling the ache.
Plus, the four-day workweek.
https://www.aljazeera.com/program/counting-the-cost/2024/2/18/how-bleak-is-the-outlook-for-israels-economy?traffic_source=rss
