Israel’s economy showed slower growth in the second quarter of 2024 than anticipated.
According to a new report from the Central Bureau of Statistics, the ongoing war is impacting the slowdown in economic growth. The GDP increased by 0.7% year-on-year from April to June this year, which is significantly below economists’ forecasts.Recently, the Ministry of Finance revised its economic growth projections for the current year and 2025. The Ministry now expects the economy to grow by 1.1% in 2024 and 4.4% in 2025.
