The disruption has raised fears that inflation will take longer to unwind in Europe, at a time when cash-strapped consumers were looking forward to prices of food and clothes starting to ease.
White House economic adviser Lael Brainard told reporters that continued US growth would help to support the global economy, including for developing countries.
Our policymakers would be well advised to study the risk analysis and assessment in Moody’s report closely and to take all possible steps to mitigate the risks.
Indirect impacts could arise through decisions of the government and the Knesset on economic policy issues
Israel’s politicians need to address the issue head-on, otherwise, they will be remembered as the coalition members that led to the downfall of Israel’s economy.
Analysts estimate that other rating agencies will also lower Israel's rating; the rising scent from the rating downgrade is political, but it is the scent of fear of uncertainty.
While Netanyahu claims economy is strong despite credit rating change, MK blames political turmoil for nation's threatened credit rating.
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.
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