- Details
- The Judean Staff
- Finance
In the closing quarter of 2023, Israel's economic landscape experienced a significant downturn, largely attributed to the ongoing conflict with Hamas, which has exerted profound pressure on the nation's economic stability. The Central Bureau of Statistics revealed a stark 19.4% annualized decline in Gross Domestic Product (GDP) for the October-to-December period, a sharp reversal from the growth observed in the preceding quarter.
Read more: Israel's Economy Hit Hard by Terror War, GDP Plunges 19.4%