The Governor of the Bank of Israel acknowledges the difficulty of the Gaza war on the economy. Amir Yaron called on officials to work to enhance the confidence of markets and rating companies in the Israeli economy.
The economy shrank by 19.4% annually in the last quarter of last year, reflecting the losses of the war, to end 2023 with growth of 2%. The Central Bank said: “Indicators of economic activity and employment status indicate a gradual recovery after the sharp decline"