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Israeli economy contracts 3.3%

War ignited by U.S.-Israeli strikes on Iran pushed Israel's economy into contraction in the first quarter of 2026.

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May 17 · 2 min read

Photo: Israel Belkind and Fanny Abramovitch (original) “The Provisional Council of State Proclamation of the Flag of the State of Israel” of 25 Tishrei 5709 (28 October 1948) provides the official specificat / Wikimedia Commons (Public domain)

The Israeli economy contracted 3.3% on an annual basis in the first quarter of 2026, dragged down by the fallout from U.S.-Israeli cooperative strikes on Iran.

Escalating regional tensions and surging military expenditure weighed heavily on the country's economic performance. Continued wartime conditions could keep the Israeli economy under pressure in the months ahead.

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PrimaryAnadolu Ajansı (TR)May 17, 2026

#ekonomi○ ...#ortadogu○ ...#israil○ ...

Israeli economy contracts 3.3%

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