Growth is expected to decelerate

ISRAEL - Report 27 Mar 2023 by Jonathan Katz

1. Last night’s firing of Defense Minister Gallant resulted in mass demonstrations. This morning the shekel is appreciating on expectations for a freeze on judicial legislation.

2. Co-incident indicators, such as the BoI Composite Index, point to fairly steady growth.

3. Nevertheless, growth is expected to slow, mostly on weak exports and investments, as well as softer PC growth.

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