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☆ Moody's cuts Israel's outlook from 'positive' to 'stable'
▼ + stars: | 2023-04-14 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +2 min

It's another setback for Israel's economy since massive protests broke out across the country last month, due to proposed changes in the judicial system that are widely unpopular among citizens. For now, Moody's left the overall A1 rating in place for Israel, allowing it to stay in the upper end of the investment-grade category. But as a rating slips, a country faces the danger of having to pay higher rates to potential borrowers. What's more, outside investment from the U.S. and Europe is crucial to the health of Israel's economy. In a note issued late Friday afternoon, Moody's wrote: "The change of outlook to stable from positive reflects a deterioration of Israel's governance, as illustrated by the recent events around the government's proposal for overhauling the country's judiciary."

☆ Major fears are sweeping into Israel's economy
▼ + stars: | 2023-03-02 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +4 min

Picture Alliance | Picture Alliance | Getty ImagesNew concerns about Israel's economy are leading global investors to question the money they have in the country. The law would alter Israel's judicial system by giving sitting governments full control of judicial appointments. A drop in Israel's credit rating would increase the cost of borrowing and hurt fundraising. A major part of the Israeli economy is tied to the value of the Israel shekel against the U.S. dollar. That in turn hurt critical parts of Israel's economy including real estate, as companies and individual citizens moved their money into U.S. dollars or other currencies.

☆ Noul lockdown, al treilea, va costa Israelul aproape două miliarde de dolari
▼ + stars: | 2020-12-25 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Costul noului lockdown la nivel naţional legat de coronavirus în Israel va fi în total de 6 miliarde de şekeli (aproximativ 1,86 miliarde dolari SUA), a declarat joi Ministerul de Finanţe al ţării, citat de agenţia Xinhua, citată de Agerpres. Acesta va fi al treilea lockdown impus în Israel şi va intra în vigoare duminică la ora locală 17:00. Lockdown-ul va include restricţii de circulaţie, închideri de magazine, reducerea activităţii la locurile de muncă, a transportului public şi sistemului educaţional, precum şi limitarea adunărilor. Shira Greenberg, economistul-şef al ministerului, a declarat că acest lockdown va costa economia israeliană 3 miliarde de şekeli pe săptămână, măsura fiind planificată în prezent pentru două săptămâni. Cu toate acestea, potrivit unui studiu realizat pentru Camera Organizaţiilor şi Afacerilor Independente din Israel, daunele totale aduse economiei israeliene din cauza viitorului lockdown vor ajunge la 26,8 miliarde de şekeli.

Persons: Shira Greenberg Organizations: Agerpres, Independente Locations: Israel, SUA, israeliană, israelian

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