Israel economy shrank 3.8% in first quarter amid Iran war
Tweet
Share
E-mail
A city skyline with apartment blocks and office buildings under construction, in Tel Aviv, Israel, April 22, 2026. REUTERS/Florion Goga
JERUSALEM, July 16 (Reuters) - Israel's economy shrank an annualised 3.8% in the first quarter, the Central Bureau of Statistics said on Thursday, in its third estimate in which growth was hurt by Israel's war with Iran that ended with a ceasefire in April.
The contraction was unrevised from a prior estimate a month ago.
The economy was hurt by declines in consumer and government spending and exports, which were offset partly by a rise in investment in fixed assets.
Growth is expected to have bounced back in the second quarter, with forecasts that the economy would grow about 4% in 2026.
(Reporting by Steven Scheer, Editing by Louise Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Higher food inflation could constrain spending on non-food items, India report says
- Aon strikes $17 billion deal for rival USI Insurance Services
- Special Report-As U.S. agriculture wilts under financial pressure, former Arkansas farmer cultivates U.S. Senate bid
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
