An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Nov. 7, 2023.
Israel's gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures.
It reflects the toll of the country's war against Hamas in Gaza, now entering its fifth month.
"The deep GDP contraction occurred despite a strong surge in public sector consumption as well as a positive net trade contribution, with the decline in imports outpacing the decline in exports."
Before then, more than 150,000 Palestinian workers from the occupied West Bank entered Israel daily for work in a range of sectors, predominantly in construction and agriculture.
Persons:
Goldman Sachs
Organizations:
Carmel, Goldman, West Bank, Israel
Locations:
Israeli, Tel Aviv, Israel, Gaza