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Israel-Hamas war: Tel Aviv revises Q2 growth downwards

By Economic Times - 2 months ago
Gross domestic product rose an annualised 0.7% in seasonally adjusted terms compared to the first quarter, according to data published by Israel's Central Bureau of Statistics on Monday. Earlier figures published last month said the figure was likely 1.2%. One of the biggest drivers of the slowdown was exports, which declined by 8.3%, excluding diamonds and startup companies, versus an initial projection of 7.1%.

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