Economic contraction in Q4 apparently less than expected

ISRAEL - In Brief 23 Jan 2024 by Jonathan Katz
The Composite State of the Economy Index increased by 0.4 percent in December—reflecting the economy’s gradual recovery from the impact of the war. The war continued in December, but its impact on activity continued to weaken. It is interesting to note, that the Composite Index, which is co-incident indicator tracking business sector GDP, increased by 9% SAAR in Q4, a low print relative to market expectations. The level of the index in December is only 1.7% below pre-war. Assuming this recovery continues, this will support GDP growth and therefore tax revenues, limiting the fiscal deficit and the amount of bond issuance as well.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.