Israel economy grew 3.4% in Q1 as war against Hamas weighs
The Central Bureau of Statistics said in an initial estimate on Sunday that gross domestic product (ILGDPP=ECI), opens new tab grew by an annualised 3.4% in the January to March period from the fourth quarter, largely in line with a 3.5% consensus in a Reuters poll. On a per capita basis, GDP gained 2.2% in the first quarter.
The war in Gaza broke out after Hamas' cross-border attack on southern Israel in October 2023. A ceasefire that came into effect on January 19 this year ended in mid-March, although a ceasefire with Hezbollah in Lebanon since late November has held up.
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The Guardian
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The Guardian
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A ceasefire deal is unpopular among the more extreme members of Benjamin Netanyahu's cabinet and Israel has sought to keep open the possibility of restarting the war after the ceasefire period.
