- Downgraded from AA- to A+, negative outlook
- The public deficit is expected to widen to 8% of GDP this year
- Recent intensification of confrontation with Iran raises already high geopolitical risks
- Higher deficits will also persist in the medium term
- Net public debt is expected to peak at 66% of GDP in 2026
66% of GDP is not bad at all by the standards of a large economy, but Israel certainly faces unique fundraising risks.
This article was written by Adam Button at www.forexlive.com.
cnbctv18-forexlive
