FX.co ★ Israel's GDP Growth Slows to 0.3% in Second Quarter of 2024

The latest economic data reveals a slowdown in Israel's GDP annualized growth, which has decelerated to 0.3% in the second quarter of 2024. This marks a decline from the 0.7% growth observed in the previous quarter, according to figures updated on October 15, 2024.

The current data, reflecting a Quarter-over-Quarter comparison, underscores a notable decrease in economic momentum within the country. The previous quarter's growth, also measured in a similar fashion, was relatively stronger, indicating potential challenges within the economic landscape or shifts in economic activities that have affected growth.

This trend raises important questions about the underlying factors contributing to this slowdown, warranting closer scrutiny from policymakers and economic planners as they work to navigate these evolving economic conditions.