Israel's war with Hamas is not the only issue noted by the ratings agency, citing the looming threat at Israel's northern border.
Now that Israel is at war, having to finance a steep rise in military expenses, priorities must change.
The Knesset Economic Committee approved an extension of working hours for bus and truck drivers to up to 14 hours a day during the war, putting additional strain on them.
What could the outcome of the state budget for 2024 be?
Itochu plans to end the collaboration after the International court of Justice ordered Israel last month to prevent acts of genocide against Palestinians and do more to help civilians.
The report said the general unemployment rate went up to 10.2% when the conflict started, and now it's at 7.2%, partially due to the many Israelis serving in reserves.
A September report from the Start-Up Nation Policy Institute (SPNI) highlighted a 20% decrease in investments and a 50% drop in deals during Q2 and Q3 of 2023.
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