Lebanon faces $8.5 billion in war damages, economic losses, World Bank reports ...Iraq

Shafaq News/ The World Bank estimated, on Thursday, the costof material damage and economic losses at about 8.5 billion dollars, in apreliminary assessment of the impact of the war with Israel on the Lebaneseeconomy and its main sectors.According to an article by the World Bank Group (WBG), apreliminary assessment of damage and losses in Lebanon concluded that physicaldamage alone amounted to $3.4 billion and economic losses amounted to $5.1billion.In terms of economic growth, “the conflict is estimated tohave cut Lebanon’s real GDP growth by at least 6.6% in 2024. This compoundsfive years of sustained sharp economic contraction that has exceeded 34% ofreal GDP,” the article revealed.It also

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Lebanon faces $8.5 billion in war damages, economic losses, World Bank reports ...Iraq

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