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First Israeli Recession Threatens Economy in 1960s
TEL AVIV Israel faces its first recession in the young state’s history with rising prices stagnating investments and exports. GNP growth fell from 10-12 percent to about 5 percent, unemployment rising as immigration slows housing and construction decline. Officials weigh stopgap measures and a new economic program under Premier Levi Eshkol to curb spending and price hikes.
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Tel Aviv
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London
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Levi Eshkol
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