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Moody’s downgrades Israel to ‘A2’

February 9, 2024February 9, 2024David Rutman

Credit ratings agency Moody’s on Friday concluded its review of Israel and downgraded the country to “A2” from “A1”, citing material political and fiscal risks for the country due to its war with the Palestinian terrorist group Hamas. “While fighting in Gaza may diminish in intensity or pause, there is currently no agreement to end […]

Israeli economy strained amid war as Melnick Index drops 1.4% in Nov 23

December 31, 2023December 31, 2023David Rutman

The Melnick State of the Israeli Economy Index witnessed a decline of 1.4 percent in November 2023, shedding light on the profound impact of the ongoing conflict on economic activities within the business sector. The data underscores a contraction of approximately 2.6 percent in the business sector during the initial two months of the war, […]