Israel’s economy will see a recession next year as protests persist, says former central bank deputy governor
Publishing timestamp: 2023-07-14 01:49:46
Summary
Fresh protests in Israel over a controversial judicial overhaul bill are expected to have a significant impact on the country's economy, including a reduction in investments and a slowdown in the high-tech sector. The protests, which have been ongoing for months, are in response to efforts to curtail the autonomy of the Supreme Court. Former central bank Deputy Governor Zvi Eckstein predicts a large slowdown in the economy and a potential recession in the next year. The proposed bill would grant sitting governments control over judicial appointments and weaken the Supreme Court's role as a check on executive and legislative power.
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