Israel’s Economic Growth Revised Down as War Takes Toll
- Second-quarter GDP rose by 0.3% in third and final estimate
- Exports is one of biggest drivers of slowdown amid Hamas war
Members of the home front command at the scene of a missile strike by Hezbollah in Kiryat Bilaik, northern Israel, on Sept. 22, 2024.
Photographer: Kobi Wolf/BloombergThis article is for subscribers only.
Israel revised down second-quarter growth as its ongoing war with Hamas in Gaza and fighting with Hezbollah took a heavier toll on the economy than previously thought.
Gross domestic product rose by an annualized 0.3% in the three months through June, in seasonally adjusted terms, according to a third and final evaluation by the Central Bureau of Statistics published Tuesday. The previous two estimates published in August and last month showed growth rates of 1.2% and 0.7% respectively.