Markets will follow the fiscal approval process closely
ISRAEL
- Report
04 Nov 2024
by Jonathan Katz
1. The 4% deficit target has been approved by the cabinet, but the full implementation of adjustments appears unlikely.
2. Optimism regarding a decline in hostilities and a possible ceasefire has supported the long end of the curve, but much will depend on fiscal credibility.
3. Recent economic indicators have been on the soft side, a trend that is likely to continue into the 4th quarter due to the escalation in the North.
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