Economic activity has declined by 31%

ISRAEL - Report 27 Apr 2020 by Jonathan Katz

The BoI estimates that economic activity at present is 31% below that of pre-Covid-19. Moody's lowered Israel's rating outlook to stable from positive (at A1). The Bank of Israel appears satisfied with present market conditions and liquidity. In politics, Israel has a unity government, which is likely to facilitate fiscal consolidation down the road (late 2021).

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