Moody’s has lowered Israel’s credit standing for the primary time and forecast a destructive outlook for the financial system.
Large 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 certainly one of its widest funds deficits this century.
Nervous 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 destructive outlook for the financial system.
Israel’s finance minister has slammed the choice as a “political manifesto”. However is it?
Industrial actual property in the US is faltering, and banks as far-off as Germany are feeling the ache.
Plus, the four-day workweek.
