Israel’s Economy Rebounded Strongly Ahead of Gaza Ceasefire

Israel’s economy significantly accelerated in the third quarter, recovering from a plunge triggered by the 12-day war with Iran in June and ahead of the ceasefire in Gaza reached in mid-October.

Gross domestic product rose 12.4% in annualized, seasonally adjusted terms, Israel’s Central Bureau for Statistics reported on Sunday, well above the median estimate of 7.3% in a Bloomberg survey of eight economists.