Why are these GDP numbers so different then the ones you posted?
Gross domestic product is expected to rise 1.1%, according to updated figures on the ministry’s official website on Monday, down from the previous figure of 1.9%. The projection for 2025 was lowered to 4.4% from 4.6%.
Israeli officials have estimated the cost of war through the end of next year of roughly $66 billion, an amount equivalent to more than 12% of GDP.
War spending totaled almost 97 billion shekels ($25.9 billion) through August, inflating Israel’s 12-month trailing deficit to 8.3% of GDP, according to finance ministry data. Government borrowing has slightly exceeded 200 billion shekels since the beginning of the year, one of the country’s largest-ever sprees. The finance ministry reiterated a forecast that the fiscal deficit will decelerate to its target of 6.6% by the end of the year.
The world bank numbers say GPD is growing at 6% and Israel expects it only grow by 1.1%, someone isn't being honest here.
The 20% decline numbers came from here.
Israel Revises Down Second Quarter Growth as War Clouds Economy
Israel’s growth slowed more than initially projected over the second quarter, as war with Hamas, nearing its one-year anniversary, and tensions with Hezbollah cloud the economy.
www.bnnbloomberg.ca
Intel announced in Dec they were accepting $3billion from Israel to build a plant. This is a long term operation that wouldn't open until 2028.
Now its cancelled. Are you arguing that they are going to cancel all new builds now, during their troubles?
