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Moody’s has lowered Israel’s credit rating for the first time and forecasts a negative economic outlook.
Massive military spending and falling revenues. Israel is borrowing massively to finance its war against Gaza.
And the country is now on track to record one of its largest budget deficits this century.
Concerned about fiscal and political risks, Moody’s lowered Israel’s credit rating for the first time. The agency also forecasts a negative economic outlook.
Israel’s finance minister called the move a “political manifesto.” But is this the case?
In the United States, commercial real estate is in decline and banks, as far as Germany, are feeling the consequences.
Not counting the four-day work week.
