JPMorgan slashes Israeli growth forecast, Citi cautions on more rating downgrades

As war costs rise, US financial institutions are facing more downgrades from credit rating agencies due to concerns about the government’s ability to control its fiscal deficit. JPMorgan has recently cut Israel’s growth outlook, and Citi has issued warnings of further rating downgrades.

The situation highlights the growing uncertainty in the financial markets and the impact of global events on economies around the world. With war costs mounting and fiscal deficits growing, credit rating agencies are closely monitoring countries’ financial stability.

These developments underscore the importance of sound fiscal policies and government control over spending to maintain a strong credit rating and investor confidence. The post on The Times of Israel emphasizes the need for proactive measures to address the economic challenges ahead.

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