Israel’s New Law Tensions to Weigh on Economy, Moody’s Says
- Nation faces ‘significant risks’ over political, social strain
- Shekel, stocks and bonds slump as investor concerns grow
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Israel’s political and social tensions over a law that will curb the oversight powers of the courts will continue, weighing on the country’s economy and security, according to Moody’s Investors Service.
There is “significant risk” for the tensions to continue with “negative consequences for Israel’s economy and security situation,” Moody’s Kathrin Muehlbronner, Lenaic Couderc and colleagues warned in a report released Tuesday.