Markets. Illustration. (Photo: Lemonsoup14/Shutterstock)
After experiencing a sharp decline in GDP and market activity in the last three months of 2023 due to the war, the Israeli economy recovered partially in the first quarter of 2024, according to Calcalist.
Israel's annually calculated GDP went down 21% in October-December 2023, but has recovered partially and increased 14% in January-March 2024. However, this is still a 1.4% decrease compared to the GDP of the previous year, including a 3.1% decline in GDP per capita.
Israeli exports, however, are still experiencing declines - 22.5% in the last quarter of 2023 and 10.4% in the first quarter of 2024.