“Israel’s Economy Contracts Nearly 20% After Outbreak of War”
February 21, 2024
“…Gross domestic product shrank an annualized 19.4% in the final three months of last year, in seasonally-adjusted terms, according to preliminary figures released on Monday. That was worse than every estimate in a Bloomberg survey of analysts, whose median forecast was for a decline of 10.5%…
Though the war broke the economy’s momentum toward the end of 2023, GDP still expanded 2% in the full year, matching the projection by the central bank’s research department. The Bank of Israel’s growth estimate for 2024 is the same at 2%, while the Finance Ministry sees it at 1.6%…”
https://finance.yahoo.com/news/israel-economy-slumps-war-far-111314753.html