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Israeli restaurant scene feeling brunt of economic slowdown
By Haaretz Staff and Channel 10
Tags: Israel News, economy 
Haaretz.com/Channel 10 daily feature for November 23, 2008

With recession in the air, people are indulging less and less in luxuries. The Israeli restaurant scene, so recently a burgeoning sector, is feeling the brunt of the economic slowdown.

Restaurants, particularly high-end ones, are forced to fight over clients by finding way to make their pricey menus more attractive.
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Fifty-two percent of recently polled restaurant owners said that they lowered prices recently or will do so soon. Thrity-six percent plan on adjusting their menus to offer cheaper dishes, and ten percent intend to fire personnel.

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