The Central Bank of Israel: Protests in Israel are causing economic damages
The Central Bank of Israel has warned that pursuing the judicial reforms proposed by the government could cause several billion dollars in damage to the country’s economy.
With a per capita income of over $52,000, Israel is considered one of the world’s wealthy countries, but the continuation of recent months’ protests against judicial reforms could lead to a decrease in business and, consequently, a reduction in economic growth.
These reforms have also faced criticism from abroad.
In response to the recent protests, Israeli Prime Minister Benjamin Netanyahu has temporarily refrained from pursuing the judicial reform program aimed at reducing the powers of the Supreme Court and has stated that this program will be suspended until the end of this year.
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