Israel's Fourth Quarter GDP Shrinks by 20.7% According to Revised Estimate
Sunday, 10 March 2024, 12:18
Israel Q4 GDP Revision
Israel's Q4 GDP has been revised from the initial estimate of 19.4% contraction to a steeper 20.7% decline, as per the latest report.
Higher than Expected
The revised figure suggests a more significant economic downturn than previously assumed, impacting various sectors of the economy.
Concerns and Implications
- Decrease in Economic Activity: The larger contraction highlights the challenges faced by Israel's economy.
- Recovery Uncertainty: The revised figures raise doubts about the speed and strength of the economic recovery.
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.