Israel’s finances are under pressure and its budget deficit is widening, while agencies are downgrading the country’s credit rating.
More than 40,000 Israeli companies are expected to go bankrupt in the coming months.
Tourism has ground to a halt and consumption, trade and foreign investment are in free fall.
Israel’s war on Gaza is damaging almost every sector of its economy.
It comes as spending and borrowing soars to finance the rising cost of the war.
That cost is expected to reach more than $55 billion by next year.
Rating agencies have downgraded Israel’s rating for the first time in its history.
Meanwhile, in the US, with tariffs, tax cuts and the hiring of Elon Musk, can Trump’s economic vision surpass Harris’?
And then, the Argentine retirees.
