Israel's economy is facing challenges with S&P projecting higher deficits and government debt peaking at 66% of GDP in 2026. Real growth is expected to be 0.5% in 2024, with the general government deficit forecasted to widen to 8% of GDP in the same year. The country's economy contracted by 21% quarter-on-quarter in the final quarter of 2023 due to the war in the Gaza Strip, impacting inflation and slowing Middle East economic growth according to the IMF.
IMF says Israel's war on Gaza will slow Middle East economic growth https://t.co/fRK2rzHVOo
How is the Israel-Hamas war affecting inflation in Israel? Israel’s macroeconomy may face the consequences of the war for a few years. https://t.co/FcUPYinBfi
Israel is experiencing serious economic difficulties due to the war in the Gaza Strip Israel's Central Bureau of Statistics reported the country's economy contracted 21% quarter-on-quarter in the final quarter of 2023. At the same time, the Israeli government expected the… https://t.co/sCSwTsfq0b
S&P EXPECTS ISRAEL'S REAL GROWTH TO BE 0.5% IN 2024
S&P: ISRAEL'S HIGHER DEFICITS TO REMAIN, NET GOVERNMENT DEBT TO PEAK AT 66% OF GDP IN 2026
S&P FORECASTS ISRAEL'S GENERAL GOVERNMENT DEFICIT TO WIDEN TO 8% OF GDP IN 2024.