Standard & Poor’s discloses its forecast for the Israeli economy


Reuters Charles Platiau

Standard & Poor’s credit rating agency affirmed the rating of Israel at “AA- / A-1 +” with a stable outlook.

The agency indicated that Israel’s GDP growth forecast of 5% in 2021 indicates that the current military confrontation and internal tensions are heading towards appeasement.

The agency expected that there will be a ceasefire in Gaza at a certain moment, as was the case with previous cases of escalation.

“Standard & Poor’s” added that the Coronavirus epidemic has had a negative impact on the Israeli financial sector in a tangible way, but the risks will be reduced thanks to the favorable debt structure in Israel.

And it considered that the strong efforts to vaccinate the population positively affected the outlook of the Israeli economy.

Source: Reuters


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