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The largest bank in the USA warns: if the legal reform is implemented - Israel's credit rating may drop | Israel Today

2023-02-03T07:48:22.794Z


The American investment bank JP Morgan published an official review of the Israeli market, according to which if the Levin plan is indeed realized - this could affect economic growth, similar to what happened in Poland


Against the backdrop of the legal reform of Justice Minister Yariv Levin and Prime Minister Benjamin Netanyahu, the American investment bank JP Morgan published an official review of the Israeli market, according to which if the legal revolution is indeed realized - this could lead to effects on growth and a downgrade in Israel, similar to what happened in Poland.

Will the reform affect growth?

JP Morgan Bank, photo: AFP

"The markets in Israel went into turmoil due to a unique risk arising from increasing geopolitical tensions, which was added to investors' concerns about the government's plans to carry out legal reforms," ​​wrote the analysts at the European Emerging Markets desk of the investment bank. 

They also wrote that "any deterioration in the strength of the institutions can affect investments in the country and there is even a negative risk to Israel's international credit rating. However, we anticipate that the impact on the markets will be limited."

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Source: israelhayom

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