The country’s economy will take a major hit in the fourth quarter of the year, according to its central bank Israel’s central bank revised down its economic growth forecast on Monday amid risks arising from the escalation of the Gaza conflict. According to revised projections, gross domestic product (GDP) will expand by 2.3% this year and by 2.8% in 2024, down from its previous July estimate of 3% for both years as the war weighs on the country’s growth. The outlook assumes that the conflict will deal the main blow to the Israeli economy in the fourth quarter of the year. Although the regulator left interest rates
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