The Israeli economy is collapsing, with many buying apartments using contractor loans, revealed by Bank of Israel data. Ofer Petersburg expresses concern in this special column.
GDP impairment is affected by both army reserves mobilization and restrictions on Palestinian laborers, creating supply issues.
Much of the report's analysis of the situation in Israel focused on comparing the outlook for Israel's economy if the situation in Israel's north escalates to if it does not.
Since the war began, public demand for building fortifications has surged. However, for private homes and apartments without safe rooms, the initial high demand for fortifications has now plateaued.
"The Israeli economy has the necessary foundations to come back and prosper after the war," said Amir Yaron.
Leumi continues to focus on growing its corporate, commercial, and mortgage credit portfolios.
It reiterated that the interest rate path will be determined by future inflation, and continued stability in the financial markets, economic activity, and fiscal policy.
The announcement comes as shares have recovered from the October 7 Hamas attack on Israel that pushed the broad Tel Aviv 125 index.
The funds were acquired throughout the war by the Plunder Seizure Unit of the Technology and Logistics Branch.
The deficit in March was NIS 15 billion compared to NIS 2.7 billion measured last march, according to the Finance Ministry.
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