Collapse In Israel's Q423 GDP To Weigh On 2024 Growth
Country Risk / Israel / Tue 20 Feb, 2024
- The worse than expected contraction in Q423 Israeli GDP (-5.2% q-o-q) was a clear indication of the extent to which the war with Hamas disrupted domestic activity.
- The magnitude of the Q4 contraction automatically subtracts 3.6 percentage points from the 2024 average and even though we look for some normalisation during the year