Israel GDP shrinks annualised 1.6% in first Q1 estimate
JERUSALEM (Reuters) – Israel’s economy contracted in the first quarter after a robust 2021, led by declines in exports and in consumer and government spending, the Central Bureau of Statistics said on Monday.
Most Popular
JERUSALEM (Reuters) – Israel’s economy contracted in the first quarter after a robust 2021, led by declines in exports and in consumer and government spending, the Central Bureau of Statistics said on Monday.
Gross domestic product shrank an annualised 1.6% in the January-March period from the prior three months — compared with a forecast in a Reuters poll of analysts of a 2% rise.
Advertisement
Know where Markets is headed? Take advantage now with
Your capital is at risk
The economy grew more than 8% in 2021 and is expected to grow a further 5.5% in 2022, according to the Bank of Israel.
(Reporting by Steven Scheer; Editing by Ari Rabinovitch)