Friday, May 14, 2021

What is important

Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at "AA-/A-1+" and maintained its outlook at "stable"

Despite the security and political risks escalating sharply in the last few days, the combination of a very effective and swift COVID-19 vaccination campaign, strong technology sector performance and rising gas exports should still underpin the country's GDP growth of 5% in 2021.

"Domestic political uncertainty has also been persistently high over the past two years owing to repeated elections, but so far this also has not substantially affected the economy," according to Reuters.



 

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