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Lebanon: War Could Shrink Economy by 16%
Finance Minister Yassine Jaber said the war could cut GDP by 7% to 10% in 2026 and cause up to $20 billion in damage.
- Finance Minister Yassine Jaber expects the ongoing war between Israel and Hezbollah to shrink Lebanon's economy by at least 7% this year, potentially costing the country $20 billion.
- Bassem Al-Bawab, president of the Lebanese Businesses Association, announced that war-related direct and indirect losses have surpassed an estimated $25 billion, with the economy losing approximately $30 million daily.
- A United Nations-backed report indicates that 1.24 million people in Lebanon are expected to face acute food insecurity through August, marking significant deterioration compared to pre-war levels.
- Jaber warned the Lebanese expatriate community can no longer sustain its role as the primary economic lifeline, noting that international aid currently amounts to only 15 percent of earlier support levels.
- Al-Bawab said Lebanon requires around $25 billion to rebuild, adding that the country has no option except to seek assistance from the International Monetary Fund and World Bank.
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War Worsens Lebanon's Economic Crisis with Job Losses, Price Gouging and Slow Business
Ayman al-Zain watched on a recent afternoon as a bulldozer cleared the rubble of what used to be his sports clothing store, which was one of dozens of buildings destroyed in Israeli strikes against the Hezbollah militant group. With a nominal truce in place that has reduced but not halted the fighting, Al-Zain tried to assess whether to rebuild the shop in Beirut’s southern suburbs that he once hoped to pass down to his kids. But it's unlikely h…
·Riyadh, Saudi Arabia
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The price of peace: how a deal with Israel could reshape Lebanon's economy
Analysis: fragile ceasefire may not bring peace, but it could lower risk, unlock aid and investment, and give Lebanon a chance to shift from survival to recovery, while Israel stands to gain from reduced economic strain along its northern border
·Tel Aviv-Yafo, Israel
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Total News Sources14
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
Factuality
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