Israel's economy contracts in Q1 as Iran war weighs on output

AI Summary

Israel's economy faced a notable contraction of 3.3% in Q1, primarily attributed to the ongoing conflict with Iran, which has significantly affected economic output and stability in the nation. The decline raises concerns about the broader economic implications of the conflict.

Israel's economy contracted sharply at an annualized rate of 3.3% in ​the first three months of the year, the ‌Central Bureau of Statistics said Sunday, as the war agains...