PHOTO
An Israeli military bulldozer operates at the Israel-Gaza border as buildings destroyed in Israeli strikes lie in ruins nearby, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, as seen from Southern Israel, December 15, 2023. REUTERS/Clodagh Kilcoyne
Israel's economy grew slower than initially thought in the third quarter, data from the Central Bureau of Statistics showed on Sunday, with growth expected to weaken sharply in the fourth quarter due to the war with Palestinian militant group Hamas.
Gross domestic product (GDP) grew an annualised 2.5% in the July-September period from the prior three months, compared with a prior estimate of 2.8%. On a per capita basis, GDP grew 0.6%.
The economy grew 6.5% in 2022 and, partly due to a negative impact from the war, growth is projected at around 2% in 2023.
(Reporting by Steven Scheer)
