This positive news about Israel’s economy came hours after the Central Bureau of Statistics announced that Israel’s Gross Domestic Product (GDP) grew by 8.1% in 2021.
Fitch says that the global repercussions of the COVID-19 pandemic and domestic containment measures will cause Israel’s real GDP to contract by 5.6% in 2020, but projects a rebound in 2021, with GDP growing by 5%.
Israel gets an A+