* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Citi lowers Israeli growth forecast, citing ‘recent turmoil’ over judicial overhaul

August 3, 2023
in News
Citi lowers Israeli growth forecast, citing ‘recent turmoil’ over judicial overhaul
Share on FacebookShare on Twitter

Citibank on Thursday lowered its forecast for Israel’s economy in 2023 and 2024, citing a drop in investments due to fears over the government’s judicial overhaul and other policy decisions.

In a new report, the US bank reduced its 2023 growth projection for Israel from 3.3% to 3.1%, while the 2024 forecast fell from 3.3% to 2.8%.

“The recent turmoil surrounding judicial reform in Israel has raised questions about its impact on the economy,” Citi said. “While there may be short-term effects on growth due to disruptions in economic activity, the more significant impact is likely to be on Israel’s potential growth in the intermediate term.”

Beyond the controversial overhaul, the report singled out the government’s policy priorities.

“It is not only the judicial reform legislation that might have a significant impact on potential growth in Israel, but a range of other governmental decisions as well such as budget allocations, education policy, etc.,” the report said, citing the decision to allocate vast chunks of the budget to ultra-Orthodox communities.

Get The Times of Israel’s Daily Edition
by email and never miss our top stories

By signing up, you agree to the terms

“These decisions will affect many aspects of the country and its economy and, by extension, most asset classes,” the report said. “Unfortunately, it’s not hard to imagine further declines in growth, which may increase the likelihood of a downgrade of Israel’s credit rating,” it warned.

Illustrative: View of the Tel Aviv Stock Exchange, November 29, 2020. (Miriam Alster/Flash90)

The report comes a week after the bank sent a note to institutional clients telling them the environment in Israel is “much more tricky and dangerous,” after the coalition passed the first law in its planned shakeup of the judicial system, counseling investors to hold off until the dust settles.

“The current events in Israel are challenging… and making investors increasingly nervous with regards to Israeli assets,” Citi VP Michael Wiesen wrote in the note. “We urge caution here and to wait for better levels/calmer market.”

Other financial institutions also sounded bearish notes following approval of the legislation, with US investment bank Morgan Stanley lowering Israel’s sovereign credit to a “dislike stance,” citing “increased uncertainty about the economic outlook in the coming months.”

Moody’s Investors Service warned about “negative consequences” and “significant risk” for Israel’s economy, cautioning that “executive and legislative institutions have become less predictable and more willing to create significant risks to economic and social stability,” while Standard & Poor’s said it saw the continued political turmoil threatening economic growth in Israel.

On Wednesday, the Bank of Israel said that growing and prolonged uncertainty around the implications of the government’s overhaul poses a threat to the country’s financial system and economy.

The reports were issued after the Knesset ratified the so-called reasonableness law despite mass public protests and after efforts to reach a compromise between coalition and opposition parties collapsed. The legislation prevents judicial oversight of government and ministerial decisions on the grounds of reasonableness. The government’s critics say removing the standard opens the door to corruption and improper appointments of unqualified cronies to important positions.

The government has been largely dismissive of the warnings, with Finance Minister Bezalel Smotrich last week blaming the ongoing demonstrations.

An anti-overhaul protest in Tel Aviv on July 29, 2023. (Amir Goldstein)

Israeli finance officials and business leaders have consistently warned of the damage to the economy, and high-tech workers make up a prominent part of the protest movement.

The law was the first part in a larger package of bills that critics say will fundamentally alter Israel’s democratic system by stripping the judiciary’s ability to act as a check on the governing coalition.

After passing the “reasonableness” law, Prime Minister Benjamin Netanyahu said he would work with the opposition to build consensus and come to a compromise on the rest of the legislative package.

Sharon Wrobel contributed to this report.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TimesOfIsrael – https://www.timesofisrael.com/citi-lowers-israeli-growth-forecast-citing-recent-turmoil-over-judicial-overhaul/

Tags: Israelilowersnews
Previous Post

National Express steers creative review

Next Post

Study: Investment house with green image pouring public funds into fossil fuels

Road accident in northern Nigeria kills 22 athletes returning from a sports festival – ABC News

Tragic Road Accident Claims Lives of 22 Athletes Returning from Sports Festival in Northern Nigeria

June 3, 2025
AI carves out a niche in ecology and conservation research – Nature

AI carves out a niche in ecology and conservation research – Nature

June 3, 2025
Opinion | JD Vance Defies the Market’s Gravity – WSJ

JD Vance: Challenging Market Norms and Defying Expectations

June 3, 2025
RFK Jr. Says Healthy Pregnant Women Don’t Need Covid Boosters. What the Science Says. – KFF Health News

RFK Jr. Challenges Covid Booster Necessity for Healthy Pregnant Women: What the Research Reveals

June 3, 2025
Updates to Lifestyle’s Spring Quarter bucket list – The UCSD Guardian

Exciting New Additions to Your Spring Quarter Bucket List!

June 3, 2025
It’s Waymo’s World. We’re All Just Riding in It. – WSJ

Welcome to Waymo’s World: The Future of Autonomous Driving Awaits!

June 3, 2025
Fed’s Logan: The US economy remains resilient – FXStreet

Fed’s Logan: The US economy remains resilient – FXStreet

June 3, 2025
Entertainment-Focused Narrative and Culture Change Practice – New America

Transforming Culture Through Engaging Entertainment Narratives

June 3, 2025
NC lawmakers target pharmacy “middlemen” in proposed reforms – North Carolina Health News

NC Lawmakers Take Aim at Pharmacy Middlemen with Bold Reform Proposals

June 3, 2025
If we want better political representation, let’s stop voting straight ticket in Indiana – Indiana Capital Chronicle

Break the Mold: Why Ditching Straight Ticket Voting in Indiana Can Transform Political Representation

June 3, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (661)
  • Economy (675)
  • Entertainment (21,581)
  • General (15,257)
  • Health (9,718)
  • Lifestyle (678)
  • News (22,149)
  • People (677)
  • Politics (684)
  • Science (15,896)
  • Sports (21,181)
  • Technology (15,662)
  • World (663)

Recent News

Road accident in northern Nigeria kills 22 athletes returning from a sports festival – ABC News

Tragic Road Accident Claims Lives of 22 Athletes Returning from Sports Festival in Northern Nigeria

June 3, 2025
AI carves out a niche in ecology and conservation research – Nature

AI carves out a niche in ecology and conservation research – Nature

June 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version