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Bank of Israel warns post-election risks
The Bank of Israel has warned of potential economic and political risks following the elections, including unresolved results and deepening social divisions, alongside the impact of regional tensions that could lead to increased military spending and inflation. The bank anticipates the budget deficit will rise to 4.6% of GDP in 2027, with projected economic growth of 5.6% in 2026 and 7.5% in 2027, although domestic activity is expected to slow down due to labor shortages. It also emphasized that ongoing security tensions, especially with the possibility of renewed conflict, could hinder economic recovery, leading to higher energy prices and global repercussions.
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