Israel’s Central Bureau of Statistics said Monday the Israeli economy plunged 19.4% in the final three months of 2023, affected by the war on Hamas in the Gaza Strip. For all of 2023, the Israeli economy grew 2 percent, down from 6.5 percent in 2022. On February 9, Moody’s Investors Service decided to downgrade Israel’s credit rating. Moody's lowered Israel's credit ratings to A2 from A1 with a negative outlook, downgraded from stable, underscoring the economic damage of the country's war with Hamas in the Gaza Strip.
The government’s plan to raise the health tax will be aimed at providing NIS 1 billion for mental-health services, especially to those suffering after October 7.
Good Tuesday morning. Join us today at 1 p.m. ET for our inaugural “Get Your Phil” webcast, as eJewishPhilanthropy News Editor Judah Ari Gross interviews Jewish Funders Network President and CEO Andrés Spokoiny. Register here. In today’s edition of Your Daily Phil, we report on the Tepper.