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Oct. 7: One year of war

How a year of war has affected the economies of Lebanon, Israel and Palestine

The extent of the shock of war varies from one economy to another. 

How a year of war has affected the economies of Lebanon, Israel and Palestine

A man walks past rubble in the southern suburbs of Beirut targeted by Israeli strikes, Oct. 3, 2024. (Credit: Mohammad Yassin/L'Orient-Le Jour)

One year on from the Hamas attack on Israel on Oct. 7, 2023, which rapidly escalated into a regional conflict, the economies of the three main states involved — Lebanon, Israel and Palestine — have been heavily affected. What's more, the conflict is far from over, having shifted its center of gravity to Israel's northern border since late September. Led by Hezbollah, the “support front” for Hamas since Oct. 8, 2023, the day after the outbreak of the Gaza war, has recently flared up with, in particular, the assassination of the party's leader, Hassan Nasrallah, and a serious intensification of Israeli air strikes in southern Lebanon, the Bekaa and Beirut's southern suburbs. Since the beginning of this front, the number of displaced persons in Lebanon has so far exceeded one million, while more than 2,000 people have been killed. In Gaza,...
One year on from the Hamas attack on Israel on Oct. 7, 2023, which rapidly escalated into a regional conflict, the economies of the three main states involved — Lebanon, Israel and Palestine — have been heavily affected. What's more, the conflict is far from over, having shifted its center of gravity to Israel's northern border since late September. Led by Hezbollah, the “support front” for Hamas since Oct. 8, 2023, the day after the outbreak of the Gaza war, has recently flared up with, in particular, the assassination of the party's leader, Hassan Nasrallah, and a serious intensification of Israeli air strikes in southern Lebanon, the Bekaa and Beirut's southern suburbs. Since the beginning of this front, the number of displaced persons in Lebanon has so far exceeded one million, while more than 2,000 people have been killed....