just don't worry about it
our econnomy is doing ok before and during this war, and it will continue to be ok
have you seen our gdp ? its skyrocketing every year
we got a vibrant hi tech and abundance of natural gas
From Reuters. I hope for the best but the cost in money let alone lives will be hard.
TEL AVIV, Feb 19 (Reuters) - Israelis sharply curtailed spending, travelling and investing at the end of 2023 as Israel's all-out war on Palestinian Hamas militants in Gaza exacted a heavy toll on the economy, data released on Monday showed.
The war had stopped economic growth in its tracks, especially with a massive call-up of reserves and tens of thousands displaced from border towns near Gaza and Lebanon due to constant rocket attacks from Hamas and Hezbollah.
inflation slowly and bumpily moving to its target, as well as the Fed (the Federal Reserve) on pause and then hopefully potentially moving to pivot.
The $500 billion economy contracted an annual 19.4% in the fourth quarter from the prior three months, the Central Bureau of Statistics said in an initial estimate of gross domestic product (GDP)
(ILGDPP=ECI), opens new tab that was double the rate expected in a Reuters consensus.
Still, 2023 as a whole ended with positive growth.
"The contraction of the economy in the fourth quarter of 2023 was directly affected by the outbreak of the Iron Swords War on October 7," the statistics bureau said.
For all of 2023, the economy grew 2.0%, compared with 6.5% in 2022 but above an Organisation for Economic
Cooperation and Development (OECD) average of 1.7%. However, per capita GDP slipped 0.1% last year versus an OECD average of 1.2% growth.