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2026-07-16 18:54:11
[Israel's Economy Contracts by 3.8% Annualized in Q1, Dragged Down by Conflict] ⑴ Israel's economy contracted by 3.8% annualized in the first quarter, with the previous figure revised down to 2.8% growth, consistent with the initial estimate. ⑵ The economic contraction was mainly due to the conflict, which weakened domestic demand, with household consumption declining by 4.9% and public consumption by 4.8%. ⑶ Net trade also dragged down GDP, with imports of goods and services (excluding defense imports, ships, aircraft, and diamonds) growing by 1.8%, while exports (excluding startups and diamonds) declined by 32.7%. ⑷ Fixed capital investment grew by 12.8%.
