Israeli Economy Rebounds After Slump Sparked By Iran War
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Shoppers at the Machane Yehuda market in Jerusalem. Israel ’s economy rebounded in the second quarter, recovering from a contraction sparked by the military campaign against Iran. Gross domestic product rose 15.4% in annualized, seasonally adjusted terms, Israel’s Central Bureau of Statistics reported on Sunday, above the median estimate of 8.3% in a Bloomberg survey of eight economists. In the first quarter, GDP declined by a revised 2.2%.