The rating agency's economists left no doubt as to the reason for lowering Israel's forecast; while praising the previous government, they provided a detailed critique of the hasty legislative process of the current government's legal reform, and its detrimental effects on all citizens; however, they stressed that it’s not too late to change course
Gad Lior|02:32
Add a comment
Any government can blame its predecessor for many moves and economic data, but the scathing report of credit rating company Moody's published over the weekend blocked even this possibility. On the contrary. The current government is the only one to blame for the situation, which it created itself.
<< Follow Ynetnews on Facebook and Twitter >>
Related stories:
Embattled Israeli start-up pins investors withdrawing on judicial overhaul
Israeli hi-tech declines amid judicial overhaul
Bank of Israel warns judicial reform could cost Israeli economy tens of billions a year
The report of the respected and prestigious rating company is sharp and clear: Moody's economists explicitly praise the State of Israel's economy during the days of the previous government, for which Moody's set a "positive" rating for the Israeli economy.