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Bank of Israel's Yaron says economy will recover, action needed

Bank of Israel Governor Amir Yaron says the country's economy is strong and will recover from the impact of the war, but calls on the government to address issues raised by Moody's after the agency downgraded Israel's sovereign credit rating. Moody's cut Israel's country rating to 'A2' from 'A1' due to material political and fiscal risks from the ongoing war with Hamas. Yaron emphasizes the importance of strengthening market confidence in the Israeli economy and highlights the country's solid economic foundations and leadership in innovation and technology.

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