"A prolonged war on multiple fronts could weaken economic activity further and heat inflation, raising the risk of stagflation," Barclays economist said.
"Despite criticisms, Moody’s analysis of Israel's fiscal health is overly pessimistic."
Israeli leaders need to discuss decisions and innovative solutions to maintain economic and overall stability as challenges continue to grow.
Israeli AI advancements are changing the face of payment systems for customers
This sharp drop, compared to the previous year, signals the war's significant impact on one of Israel's most vital industries.
Moody's recent downgrade of Israel's credit rating may not fully account for shifting regional dynamics and the country's economic resilience in the wake of recent strategic developments.
While it cited intensified geopolitical risk as the key driver in this ratings decision, the agency painted a complex and bleak picture of Israel's economic and political future.
In addition to providing financial support for medical and mental health, there were instances where grants were given to vulnerable groups such as children and the elderly.
Moody's ratings are intended to give investors a simple gradation system for deciding which securities will be most reliable.
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