Lebanon Faces $8.5 Billion Loss Due to Hezbollah-Israel Conflict

The World Bank reports extensive economic and structural damage over a year of intensified clashes.

• Lebanon has suffered $5.1 billion in economic losses and $3.4 billion in structural damage, primarily affecting commerce, tourism, and agriculture.
• More than 99,000 housing units have been damaged, with the hardest-hit areas in southern Lebanon near the Israeli border.
• The conflict has led to the displacement of over 875,000 people, exacerbating Lebanon's existing economic and humanitarian crises.
• Lebanon's GDP is projected to contract by at least 5.7% in 2024, compounding a severe economic downturn that began in 2019.
• Israeli airstrikes have intensified in Beirut and southern Lebanon, causing significant civilian casualties and further infrastructure damage.

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