Israel's economy shrank by more than a fifth, at a rate of 20.7% on an annual basis. In the same period, 750,000 people - one-sixth of the workforce - were unemployed.
Inbound tourism - during the last quarter of 2023 - is the worst since the “Al-Aqsa Intifada” at the beginning of the current millennium, with the exception of the Corona period. Israel plans to borrow $60 billion this year, freeze government employment and increase taxes.