Contrary to the dire predictions of just a few weeks ago, such as from Reuters and other woke, left-wing news portals, the economy of Israel is growing. When media reports on Israel and Trump, one must assume propaganda and manipulation to the detriment of Israel or Trump.
The Central Bureau of Statistics Israel released today some key figures. The most important one is the growth of the GDP: “The third quarter of 2024 compared to the second quarter of 2024 (change adjusted for seasonality in an annual calculation at market prices) 3.8% increase in GDP (0.9% quarterly)“, wrote the Central Bureau of Statistics.
As a result, GDP of the business sector alone grew 5.4% last quarter. And most impressive: “21.8% increase in investments in fixed assets (5.1% on a quarterly basis)“, wrote the Central Bureau of Statistics in his recent press release today. CNBC summarizes: “Figures issued on Friday showed Israel’s inflation rate held steady at 3.5% in September but staying above the government’s annual inflation target of 1-3%.“
However, the third quarter of 2024 compared to the third quarter of 2023 (seasonally adjusted change in market prices) saw a decrease of 1.0% in GDP, which is not much in the face of war.
As the graphic below shows, Israel performs awesome despite the war (graphics from the Central Bureau of Statistics).
