Major fears are sweeping into Israel's economy
Publishing timestamp: 2023-03-01 23:02:50
Summary
Investors are increasingly worried that ratings agencies will cut Israel's credit rating due to the current political crisis. This could lead to an increase in borrowing costs and a decrease in investor confidence, which could have a negative impact on the economy. The Bank of Israel Governor has warned that the crisis could become an economic one and the government is in contact with important business executives to try and ease the impact.
Sentiment: NEGATIVE
Tickers: MCO, ILS%3D?QSEARCHTERM=SHEKEL,
Keywords: business news, economic events, politics, moody's corp, benjamin netanyahu, world markets, currency markets, asia economy, real estate, world economy, israel, stock markets, central banking, economy, venture capital, laws,
Source: https://www.cnbc.com/2023/03/02/major-fears-are-sweeping-into-israels-economy.html