Israel's Q2 GDP growth dropped to 1.2% from 17.3% in Q1, with annual growth shrinking 1.4%.

Israel's Q2 GDP grew by 1.2%, dropping from a 17.3% increase in Q1. Annual growth shrank 1.4% compared to the same period last year, with private consumption spending at 12% in Q2 (compared to 26.3% in Q1). Imports and exports experienced a decline, signaling a significant impact on the Israeli economy, which coincides with rising regional tensions over Israel's ongoing offensive on the Gaza Strip.

August 18, 2024
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