Israel's GDP fell by nearly 20% from October to December 2023, though it rebounded with a 14% gain the next quarter, that was less than economists expected.
Roughly 46,000 Israeli businesses have shut down since October 7, according to the Hebrew-language newspaper Maariv.
The Israeli economy has been declining rapidly since it launched its campaign in Gaza,particularly after the Yemen Ansar Allah movement (aka Houthi) and the Hezbollah movement in Lebanon have been taking action in solidarity with the Palestinians in Gaza.
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