Mediterranean Man

⚡️🇱🇧 The World Bank: The ongoing war on Lebanon caused $8.5 billion in damage and losses, with final figures expected to be significantly higher as the war wages on.

Lebanon has faced an estimated economic losses of $5.1 billion over the last year, driven primarily by heavy impacts on commerce, tourism, and agriculture, with direct physical damage in Lebanon mounting to at least $3.4 billion.

The analysis projects Lebanon's real GDP will contract by at least 5.7% in 2024 due to the war, compared to a 0.9% growth in a scenario without it, a heavy toll for the nation as it was still reeling from the effects of a financial collapse, and only recently partially-stabilized currency.

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5.8K viewsEkarin, edited  Nov 14 at 21:48

⚡️🇱🇧 The World Bank: The ongoing war on Lebanon caused $8.5 billion in damage and losses, with final figures expected to be significantly higher as the war wages on.

Lebanon has faced an estimated economic losses of $5.1 billion over the last year, driven primarily by heavy impacts on commerce, tourism, and agriculture, with direct physical damage in Lebanon mounting to at least $3.4 billion.

The analysis projects Lebanon's real GDP will contract by at least 5.7% in 2024 due to the war, compared to a 0.9% growth in a scenario without it, a heavy toll for the nation as it was still reeling from the effects of a financial collapse, and only recently partially-stabilized currency.

@medmannews

BY Mediterranean Man