How the war with Iran plunged Israel into an economic crisis

Pars Today – Bloomberg recently reported in an analysis that Tel Aviv's war with Tehran has significantly impacted Israel's economy.

The American news agency Bloomberg recently stated in a report: "Israel's economy has faced a recession and serious decline following the war with Iran and the ongoing operations in Gaza." According to Pars Today, Bloomberg's report indicated: "Israel's GDP has fallen by 3.5% annually, adjusted for seasonal variations."

According to the report, the war with Iran has dealt the heaviest blow to private consumption, reducing it by 4.1%. Additionally, gross fixed capital formation has experienced a sharp decline of 12.3%.

Bloomberg wrote that Israel's business sector has also faced a significant collapse as a result of Iran's attacks, with its GDP decreasing by 6.2%.

In conclusion, Bloomberg noted: "Israel's economy is under more pressure than ever due to its warmongering, and the downward trend in macroeconomic indicators has placed a very ambiguous and bleak outlook before it."