EconomyThree years after the October 7 attacks, Israel's economy shows resilience
Israel's economy briefly contracted after the October 7, 2023 attacks, but GDP is forecast to grow 4% this year. The tech sector, particularly defence startups, has contributed substantially, though demographic challenges loom. Meanwhile, destruction from Israel's war in Gaza has cut GDP per capita in the enclave by 83%, and reconstruction plans have yet to begin.
Three years after the October 7 attacks, Israel's economy shows resilience
Economy