IMF cuts 2023 growth outlook, noting judicial uncertainty could lead to severe financial conditions, hamper investment and consumption; S&P set to affirm credit rating outlook

Bank Hapoalim and Meitav investment house project budget deficit to reach 3% of GDP; Treasury has set deficits of about 1% in 2023 and 0.8% in 2024

For the first time in nine months, Israel posts a budget deficit of NIS 300 million, or 0.01% of GDP, due partly to a 43% drop in revenue from real estate taxes, says Treasury

In letter to cabinet alongside central bank's annual report for 2022, Amir Yaron writes that major changes must be done with broad agreement, preserve institutions' professionality

Currency sees sharp swings over several hours as initial expectations that Defense Minister Gallant would call to halt reforms were dashed after he was summoned by PM

Amir Yaron tells CNN plan lacks consensus, which could lead firms to move funds out of country, causing brain drain; voices confidence leaders won't intervene in central bank

Among signatories to letter are former US Treasury undersecretary Jeffrey Goldstein; missive says planned legislation will also make Israel harder to defend on international stage

Israeli TV network cites former senior US official as saying country 'needs to move slowly and build a broad consensus' on judiciary changes

Participants in nighttime meeting, which included heads of several major Israeli firms, say Levin expressed openness to compromise but rejected calls to halt legislative push

Letter signed by hundreds of experts, including a Nobel winner, says 'we can expect long-term damage to economic growth and Israelis' standard of living'