Lebanon Businessnews News

Economy reels
as cost of damages
from war on Gaza soar
The National
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The cost of damages to the Lebanese economy due to the Israel-Gaza war, which has spilt over into southern parts of Lebanon, is soaring and an escalation in conflict would be "disastrous", analysts say.

Fighters of the militant group Hezbollah have exchanged fire with Israeli forces along Lebanon's border with Israel almost daily since the Gaza war erupted on October 7.

Nasser Saidi, a former economy minister and deputy governor of Lebanon's central bank, told The National that the violence has caused extensive damage to buildings, infrastructure and private property, adding up to huge losses for Lebanon's already struggling economy,
Date Posted: Feb 19, 2024
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