In the ongoing war environment in Israel, the country’s economy may shrink by 11% compared to the same period in 2022. This information is provided Bloomberg citing estimates from holding company JPMorgan Chase & Co.
According to statistics from Israel’s Central Bureau of Statistics, in the fourth quarter of 2022 the country’s economy grew by 5.8% on an annual basis, following the results of the entire last year by 6.5%.
JPMorgan estimates that Israel’s GDP as a whole will grow 2.5% in 2023 and 2% in 2024.
But assessing the war’s impact on Israel’s economy remains difficult due to uncertain scale and imprecise data. As experts note, the conflicts of past years have had almost no negative impact on the Israeli economy, although the current war has much more undermined the country’s security and confidence in it.
October 7 Hamas representatives sent Thousands of rockets were fired at Israel and the launch of Operation Al-Aqsa Flood was announced.
Thousands of militants invaded the country, seized dozens of military equipment and captured over a hundred hostages.
In response to the Israeli Air Force hit Warnings were issued of hundreds of Hamas targets in the Gaza Strip, and the country’s National Security Council decided to halt the supply of water, food, goods, electricity and fuel to the rebel-populated area.
Previously in Russia named Possible date for the end of Israel’s war with Hamas.