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Updated December 17th, 2023 at 19:10 IST

Israeli economy shows slower growth

Growth, impacted by the conflict with Hamas, is anticipated to decline notably in the fourth quarter.

Business Desk
Iran executes Israeli spy
Representative Image | Image: Reuters
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The Israeli economy showed slower growth than initially reported in the third quarter, per data from the Central Bureau of Statistics. Growth, impacted by the conflict with Hamas, is anticipated to decline notably in the fourth quarter. Gross Domestic Product (GDP) expanded at an annualized rate of 2.5 per cent in July-September, revised from the earlier estimate of 2.8 per cent. On a per capita basis, GDP grew by 0.6 per cent. In 2022, the economy saw a 6.5 per cent expansion, but due to the war's negative influence, growth is forecasted to hover around 2 per cent in 2023.

(With Reuters inputs) 

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Published December 17th, 2023 at 19:10 IST

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