Israel's GDP Shrinks by Record 20% During Fourth Quarter
Tuesday, 20 February 2024, 12:32
Israel's GDP Contraction
The latest figures reveal that Israel's GDP shrank by 20% during the fourth quarter, a stark contrast to the expected 10% contraction predicted by analysts.
Unforeseen Impact
The unexpected severity of the economic downturn is a cause for concern, highlighting vulnerabilities amidst the ongoing Gaza conflict.
Analysts' Predictions
- Analysts had forecast a contraction of around 10% prior to the release of the official figures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.