Early Israel Election Seen Hurting War-Battered Economy
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Early elections in Israel are likely to take a toll on an already slowing economy by delaying the budget’s approval and halting plans to increase competition in an array of industries, investors and economists said.
The shekel extended losses yesterday and bonds fell as Prime Minister Benjamin Netanyahu headed for early elections after failing to patch up rifts in his governing coalition. Party leaders decided today to hold the vote on March 17, midway through the government’s four-year term.