Opposition center in the Finance Committee attacks: "The downgrade will cost us tens of billions. It will take years to repair the damage." "The reputation of Israel's economy in the financial world is on the rocks," writes MK Vladimir Blayak.
The Ministry of Finance tried to soften the blow. "The decision of the S&P rating company came in direct response to the Iranian missile attack," Treasury said. The rating company estimates that the increase in geopolitical and security risks could have a negative impact on the government deficit and the performance of the economy. "This is a shameful and resounding failure of the government. An inflated, arrogant, insolent and unprofessional government. It can be done differently, it must be done differently. Even during the war," says Blayak. "Your son is not in the army, and mine is serving in Gaza," says Smotrich's father, who is also in the military. "It will not rise 'immediately at the end of the war.' The market agrees on one thing - the Israeli economy is expected to contain the downgrade without immediate shocks to its economy. Now the eyes are directed mainly towards the main barometer for her examination of the shekel-dollar exchange rate. It is expected that the downgrade of S&P is not expected to have a significant economic impact. It will not change the market pricing since it corresponds with the downgrade made by Moody's. But the concern is about the state of the businesses in the economy, as it does prevent a horizon for the breathing space they so need, especially among businesses that are biased towards financing such as real estate.