Full coverage· Economy· Updated 14:39

Bank of Israel Raises Growth Forecasts Significantly Despite War

The Bank of Israel has significantly boosted its economic growth forecasts, projecting 5.6% growth this year and 7.5% next, despite the ongoing war. Governor Amir Yaron noted that overseas production by Israeli firms heavily influences the figures, while domestic growth is projected at 3.4% and 5.1% respectively.

2 newsrooms · 1 language · since 21 Oct, 23:54

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Bank of Israel Raises Growth Forecasts Significantly Despite War — Illustration by baba

What happened

01Bank of Israel forecasts 5.6% growth this year and 7.5% next, up from previous estimates.
02Overseas production by Israeli firms is a major factor in the revised growth forecast.
03Domestic economic growth is projected at 3.4% this year and 5.1% in 2025.
04The forecast assumes a decrease in the intensity of the ongoing conflict.
05Israel is expected to lead OECD countries in growth in 2026, according to the IMF.
06Security situation and economic uncertainties are identified as key risks.

The forecast assumes reduced conflict intensity and faces risks from the security situation and economic uncertainties.

Translated and summarized by baba from Now 14, the latest report. Read Now 14’s original