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news The Hindu 2026-05-15

War Exacerbates Lebanon's Economic Crisis: Losses Mount

Lebanon's financial sector has suffered approximately $70 billion in losses, with the 2024 war between Israel and Hezbollah adding an estimated $11 billion. This has led to job losses, slow business, and soaring prices.


Lebanon suffered some $70 billion in losses in its financial sector, further compounded by about $11 billion in the 2024 war between Israel and Hezbollah, according to World Bank

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