Israel's GDP grows 1% in 2024 despite war | The Jerusalem Post
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#VantageOnFirstpost: Israel's GDP shrank by around 5% in the last quarter of 2023, signaling strains from the ongoing war in Gaza. The latest GDP numbers are in stark contrast to Russia, which is also involved in a war. What explains the different economic experiences in Israel and Russia? Palki Sharma tells you. | Firstpost
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The Bank of Israel has warned that the country's war against Hamas will cost it $67 billion between 2023 and 2025. ➡️ Israel’s GDP was projected to grow 3% in 2024 but the Bank of Israel now expects a growth rate of 1.5%. ➡️ Israel’s credit ratings have been downgraded by Fitch Ratings, S&P Global and Moody's, reflecting increased economic risks. ➡️ ⁠Start-ups and venture capital investments are seeing sharp declines. | CNBC International
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