Macro - Country Economic Forecasts - Israel

Macro - Country Economic Forecasts - Israel



In early October, Iran's direct attack on Israel spread fears that Israel would respond in kind and target Iran's oil infrastructure, leading to spikes for oil and natural gas prices and a depreciation of the shekel, but Israel's restrained retaliation calmed fears of a wider war in the Middle East. We still expect the conflict to continue until H1 2025, although we recognise that a path has opened for de-escalation in the region.


Israel: A path towards de-escalation opens
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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