Israel-Hamas War Takes Heavy Toll on Israeli Economy in Q4
- Israel-Hamas war decreased Israel's GDP more than previously thought in 2023 Q4
- Revised reports show 2023 Q4 GDP declined 21% annually due to war
- Government spending increased 83.7% annually in Q4 2023 compared to Q3
- Private consumption dropped 26.9% annually in Q4 over Q3
- Imports/exports dropped sharply due to conflict impact on trade and construction
