Israel's central bank cuts growth forecast due to conflict prolongation

JERUSALEM, July 8 (Xinhua) -- Israel's central bank estimates that the direct impact of the ongoing conflict with Hamas and Hezbollah on the Israeli economy will continue until the beginning of 2025, according to a forecast published by the bank on Monday.

According to the forecast, Israel's GDP is expected to grow by 1.5 percent in 2024 and by 4.2 percent in 2025, lower than the April projections of 2 percent a