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Shekel and Stocks Slide
The shekel fell 1.6% against the dollar, while Tel Aviv Stock Exchange indices dropped by more than 3%, amid uncertainty over the formation of a new government following the election and investors’ concerns that the wars will continue. Public debt is nearing 70% of GDP, and the cost of the war has exceeded $55 billion. The Bank of Israel expects the budget deficit to reach 4.14% this year and 4.6% in 2027. Experts say that if Benjamin Netanyahu’s government remains in power, it could deepen the crisis of confidence and increase pressure on the economy. A different government, by contrast, could help calm markets and restore some investor confidence.
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