So in case you haven’t noticed, we’ve all already settled into the country’s biggest restaurant. We were given a cash grant, some of us received some compensation for the decrease in business revenue. And now, when we’re still in the middle of the meal – while some of us are still very hungry – this stage comes. Of the account.
And what is in the account? The growing deficit, the growing government debt, the political situation and the disagreements over the budget. And what’s the bottom line of the account? Lowering the credit rating.
In the 114th episode of Calcalist’s Money Engines podcast with Psagot economist and chief strategist Uri Greenfeld, we talked about a possible downgrade of Israel, what it means, how dramatic it is and what can be done to evade it. We also talked about inflation – why it will help US debt and not Israel’s debt.
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