The Oct. 7 attack by Gaza-based Palestinian militant group Hamas has not only exacted a bloody toll on Israel, but now a mounting economic one as well. That reality was underscored by Tuesday statements issued by the country’s central bank, which simultaneously warned about the economic road ahead while assuring markets that the bank would take efforts to dampen the war’s impact.
The Bank of Israel said it has revised its macroeconomic forecast in light of the war, but noted the projection “is accompanied by particularly high uncertainty.” Much of that uncertainty pivots on the future scope of warfare, which […]
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