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Fitch Warns of Economic Impact from Israeli Political Paralysis
Credit rating agency Fitch warned that Israel's political paralysis after elections could harm its economy. The agency noted that forming a government is crucial to reducing national debt, which has increased to about 70% of GDP.
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What happened
- 01Fitch warns Israeli political paralysis after elections could harm the economy.
- 02Inability to form a government hinders reduction of Israel's national debt.
- 03Israel's national debt is now around 70% of GDP, up from 60% before the war.
- 04Political instability and new elections could lead to a credit rating downgrade.
- 05Israel's current credit rating is 'A' with a negative outlook.
Fitch cautioned that political instability and potential new elections could lead to a credit rating downgrade.
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