Market pessimism on the back of plans for renewed lockdown
ISRAEL
- Report
14 Sep 2020
by Jonathan Katz
The expected second closure is expected to slow growth, increase unemployment and push the fiscal deficit higher. The impact on inflation is expected to be minimal as weaker PC demand is offset by a slightly weaker shekel. Slowing growth supports further expansionary monetary policy, an issue discussed in the most recent monetary decision.
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