The Israeli economy unexpectedly shrank in the last quarter due to the twelve-day war with Iran in June, which largely halted business operations. According to the Israeli Central Bureau of Statistics, the gross domestic product (GDP) contracted by a surprising 2.5% in the second quarter of the year. The conflict with Iran had a significant impact on various sectors, causing disruptions and delays in production and trade.
Israeli Economy Unexpectedly Shrinks Due to War with Iran
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