Dear friend and supporter, The ongoing war is having a profound impact on every aspect of life in Israel, particularly the economy. Recently, Moody's, a global credit rating agency that assesses the financial health of countries and companies, downgraded Israel's credit rating to its lowest level ever, from A2 to Baa1. This downgrade reflects how severe the situation has become and is a clear sign of a worsening financial crisis. 📉 Moody's explained that the geopolitical risks Israel faces have "intensified significantly further" and that the military conflict has caused "material negative consequences for Israel's creditworthiness." In simple terms, this means investors now see Israel as a more uncertain and risky place to invest in, which has serious long-term effects on the country's economy. Unlike in past conflicts, Moody's also noted that Israel's economy is "more durably weakened" and they "no longer expect a swift and strong economic recovery." This economic downturn is hitting the poor and disadvantaged the hardest. As prices rise and resources become scarce, it’s the most vulnerable who suffer the most. Thousands of families, elderly individuals, and Holocaust survivors are struggling just to get by. At Feed Israel, we continue to step in and provide crucial assistance. Our volunteers are working tirelessly to distribute emergency food packages and essential supplies to those in need. As we continue our holiday distribution campaign, we are ensuring that no one is left behind during these difficult times. |