Finance Ministry's plan, which awaits Knesset approval, includes grants to businesses that have suffered indirect damages due to the war and benefits for employees on unpaid leave
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Credit rating agency cites risk that fighting in Gaza could spread, resulting in a greater hit to Israeli economy

Ratings agency warns 'severity' of the fighting sparked by deadly Hamas attack 'raises the possibility of longer lasting and material credit impact'

Annual inflation eases to 3.8% ahead of Bank of Israel interest rate decision next week; war with Hamas expected to affect economy, dampen growth prospects

In week of Hamas onslaught, shekel drops to weakest level since early 2016, approaching NIS 4 per dollar; economist expects war to last at least two months

Central bank governor Amir Yaron, who was due to leave his post at the end of 2023, will remain in office to help steer the economy during war

War comes at challenging time for economy; International Monetary Fund warns world economy faces new uncertainty from war between Israel and Hamas

Stocks also fall, as ex-finance minister Liberman blasts Netanyahu, Smotrich and Knesset finance panel chair for ignoring warnings of economic downturn

US bank says it is 'not hard to imagine' a further slowdown in economic output and possible downgrade of credit rating, pointing also to government priorities in other areas

In report on domestic financial stability, central bank says Israel’s financial system 'remains stable', but raises the level of risk citing overhaul impact