The cost of five-year credit default swaps reached 149 basis points compared to last Friday’s close of 146 basis points, the highest price since October last year.
The Israeli military launched the largest wave of air strikes in terms of scope against the Lebanese Hezbollah group, raising fears of an escalation and widening of the conflict.
During September, official data showed that the Israeli economy grew in the second quarter at a slower rate than previously announced in the preliminary data, as the repercussions of the Israeli war on the movement continued. agitation in Gaza.
The Central Bureau of Statistics said in its second estimate that gross domestic product grew 0.7 percent year-on-year in the second quarter of 2024.
A preliminary estimate last month showed the economy grew 1.2 percent year-on-year in the second quarter.
The economy was supported by higher private and public spending and investment in fixed assets, while exports declined.
First-quarter GDP growth was revised slightly to 17.2 percent from 17.3 percent, as the economy recovered from a sharp contraction in the fourth quarter of 2023 when the war began.
