Fitch: Recovery of Israel’s credit rating will be slow

The international rating agency Fitch published a review of the state of the Israeli economy, in which it noted that the ceasefire in Gaza “significantly reduces the risks mentioned in the negative outlook on Israel’s credit rating.”

The agency notes that a sustainable ceasefire will lead to a significant improvement in economic growth and other macroeconomic indicators compared to previous forecasts.

At the same time, the report emphasizes that the state of the country’s state budget will be much worse than before the war, due to an increase in military spending by 1.5% of GDP