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2025-09-16 19:40:01
Israel's economy shrank by 4% annualized in the second quarter, marking its first contraction in six quarters. (1) Israel's economy shrank by 4.0% annualized in the second quarter of 2025, exceeding the initial estimate of a 3.5% decline and ending five consecutive quarters of growth. (2) The economic downturn led to widespread business closures and weighed on consumer spending, exports, and investment. (3) This marked the first quarterly contraction since the 21.0% plunge in the fourth quarter of 2023. (4) Between April and June, private consumption fell by 4.4%, fixed investment plummeted by 12.7%, and public spending decreased by 1.0%. (5) Exports fell by 2.9%, while imports grew by 3.8%.
