Israel economy rebounds with 3.8% growth in Q3 amid wars with Hamas, Hezbollah

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******* economy rebounds with 3.8% growth in Q3 amid wars with ******, Hezbollah

A general view shows the ******** city of Tel Aviv, on August 12, 2024, amid regional tensions during the ongoing war between ******* and the ************ ****** movement in the Gaza Strip. 

Gil Cohen-magen | Afp | Getty Images

*******’s economy grew more than expected in the third quarter of 2024, bouncing back somewhat from a weak spell since the start of war in Gaza with ************ Islamist group ****** last October.

The Central Bureau of Statistics said in an initial estimate on Sunday that ****** domestic product grew by an annualised 3.8% in the July to September *******, above a 2.9% consensus in a Reuters poll. On a per capita basis, GDP gained 2.6% in the quarter.

Overall growth was led by gains in consumer spending, which rose 8.6%, a 21.8% jump in investment in fixed assets and a 1.7% rise in exports, offsetting a 10.8% drop in government spending.

Second-quarter GDP growth was confirmed at 0.3% annualised.

The war has raged in Gaza since ******’ Oct. 7, 2023 cross-border ******* on southern *******. The war has since expanded to battling Hezbollah in Lebanon.

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#******* #economy #rebounds #growth #wars #****** #Hezbollah

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