Gaza War’s Economic Impact on Israel Was Minor

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gaza-hamas1International rating agency Standard and Poor’s sees the fiscal effects on the Israeli economy of the Gaza war as minor.

“In our view, the recent Gaza conflict will lead to only a modest weakening of Israel’s fiscal trajectory,” the agency said in affirming its ‘A+/A-1’ foreign and local currency sovereign credit ratings on Israel, with a stable outlook.

“The fighting has not changed our view of Israel’s core credit strengths, such as its prosperous and diverse economy, [and] the contribution of natural gas production to a healthy external balance.”

{Matzav.com Israel}

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