Israel’s economy shrank an annualized 3.8% in the first quarter, according to the Central Bureau of Statistics. This contraction was largely due to the country’s war with Iran, which ended with a ceasefire in April.
Economic Impact
The decline was attributed to decreases in consumer and government spending, as well as exports. However, these losses were partially offset by an increase in investment in fixed assets. Despite this initial contraction, forecasts suggest that the economy will grow about 4% in 2026.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
