Impact of Hamas War on Israel's Economy
Israel's economy suffered one of its worst-ever slumps due to the Hamas war, with GDP shrinking by 19.4% in the final quarter of last year. The conflict led to significant disruptions in the economy, affecting private activity and causing a sharp decline in various sectors. Despite the challenges, signs of stabilization have emerged, with the central bank cutting interest rates and consumer confidence gradually improving.
Key Points
- GDP shrank by 19.4% in the final quarter of last year
- Economic shockwaves from the war led to disruptions in various sectors
- Signs of stabilization emerging with interest rate cuts and improved consumer confidence