BREAKING:

⚡ 🇮🇱 Almost 20% DECLINE of The Israeli Economy

The Israeli economy contracted by 19.4% in the last quarter Q4 of 2023, due to the war on Gaza. 

The first objective of the Palestinian resistance is being fulfilled.  Massive reduction of Israel’s economy and industrial potential. 

The US wants to cover this hole with a $14 billion new aid package as part of the big $95 billion that has not yet passed the Senate.

 The economy plummeted nearly 90% more than earlier estimated by Bloomberg of a 10.5% contraction. 

The $500 billion economy contracted an annual 19.4 percent in the fourth quarter from the previous three months, the Central Bureau of Statistics said in an initial estimate of gross domestic product that was double the rate expected in a Reuters consensus. 

Still, 2023 as a whole ended with positive growth considering that the war in 2023 lasted less than 3 months. 

Israelis sharply curtailed spending, traveling and investing at the end of 2023 as Israel’s all-out war on Gaza exacted a heavy toll on the economy, data released on Monday showed.

The war had stopped economic growth in its tracks, especially with a massive call-up of reserves and tens of thousands displaced from border towns near Gaza and Lebanon due to constant rocket attacks from Hamas and Hezbollah.

t.me/megatron_ron