Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Fitch downgraded Israel's rating to A level

August, 13 2024
watermark Economic news

The international rating agency Fitch Ratings has downgraded the long-term issuer default rating (IDR) of Israel in foreign currency from «А+» to «А», setting the outlook as «Negative». 


This decision is due to the ongoing war in Gaza, which has increased geopolitical risks and led to military operations on several fronts. The war is dealing a serious blow to Israel's finances: the budget deficit will reach 7.8% of GDP in 2024, and the national debt will remain above 70% of GDP in the medium term.


Israel continues military operations in Gaza, which entails continued high defense spending and disruptions in production in the border areas, as well as in tourism and construction. 


In 2024, the budget deficit of the central government of Israel will reach 7.8% of GDP, due to significant expenditures on military operations. In 2025, a budget deficit of 4.6% of GDP is projected, but it could be larger if the war lasts. 


The Israeli government plans to implement a number of fiscal consolidation measures, including an increase in the VAT rate by 1% from 2025. However, political instability and military imperatives may hinder these plans.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.