As Israel widens Gaza ground offensive against Hamas, market expects fighting will be limited to the south; last week shekel hit weakest level in 11 years
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A protracted conflict, potentially expanding to multiple fronts, could cause even more damage to an economy already battered by the controversial planned legal overhaul
The post Israel’s economy bounced back after previous Hamas wars, but this one may take longer appeared first on The Times of Israel.

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

Leading US financial institution says it has 'a bearish bias' toward Israeli currency, warns 'political risk is likely to remain elevated' over government's judicial overhaul

Local currency weakens to 3.85 against US dollar as hopes for a judicial compromise crush increasing odds for FX intervention; and as Moody's meets with PM in Israel

Credit rating agency upholds Israel's A+ rating with belief that overhaul won't be implemented in its original form and confidence in the country's resilient economy

Exchange rate hits NIS 3.77 before settling at NIS 3.763, up more than 1% over the day before; euro also makes gains

Morgan Stanley cuts Israel sovereign credit to 'dislike stance'; Citi cautions investors about 'constitutional crisis' scenario over legislation approved despite lack of consensus

BoI Gov. Amir Yaron calls on lawmakers to ensure legislative changes will be carried out in broad agreement, and will uphold the strength and independence of institutions

Finance minister says pulling of 'positive' outlook is 'no big drama'; economist warns Israel set to be on investors' and credit rating agencies' 'watch list'