The cost of insurance against sovereign debt default in Israel over the next five years rose Tuesday to 156 basis points, heading to close the day at the largest gap since 2012.
The war with Hamas, which has been ongoing for about a year in the Gaza Strip, has caused repercussions on the Israeli economy, including a slowdown and a decline in the activities of various sectors, leading to a high poverty rate.
Before this war broke out following an unprecedented attack by Hamas on southern Israel on October 7, the Israeli economy was mainly suffering against the backdrop of months of mass protests in the country against judicial reforms proposed by the government of Benjamin Netanyahu.
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