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WAR ECONOMY

Economic losses from war in Lebanon may exceed $20 billion

The current fighting and displacement will lead to a sharp and long-term disruption of activity across all sectors,” most notably agriculture, tourism, and industry and construction, warned a group of experts in their latest report.

Economic losses from war in Lebanon may exceed $20 billion

Photo of destruction in the southern suburbs of Beirut. (Credit: Mohammad Yassine/L'Orient Today)

BEIRUT — Economic losses from Israeli bombardments of Lebanon may exceed $20 billion dollars, while the percentage of people living in extreme poverty may double to at least 80 percent in heavily bombarded regions, stressed the Independent Task Force for Lebanon (ITFL), a group of Lebanese economists and public policy specialists, in their latest report issued on Oct. 20. The statement is based on a compilation of data gathered from various reports, which have been subsequently used by the group to draft recommendations addressed to the Lebanese state and international donors.The group, which provides independent analysis and policy recommendations, includes economists Jad Chaaban, Kanj Hamadeh, Roland Riachy, Ali Chalak, researchers Joanne Haddad and Karim Safieddine, lawyer Karim Daher, and journalists Rasha Abou Zaki, Ali Nourredin,...
BEIRUT — Economic losses from Israeli bombardments of Lebanon may exceed $20 billion dollars, while the percentage of people living in extreme poverty may double to at least 80 percent in heavily bombarded regions, stressed the Independent Task Force for Lebanon (ITFL), a group of Lebanese economists and public policy specialists, in their latest report issued on Oct. 20. The statement is based on a compilation of data gathered from various reports, which have been subsequently used by the group to draft recommendations addressed to the Lebanese state and international donors.The group, which provides independent analysis and policy recommendations, includes economists Jad Chaaban, Kanj Hamadeh, Roland Riachy, Ali Chalak, researchers Joanne Haddad and Karim Safieddine, lawyer Karim Daher, and journalists Rasha Abou Zaki, Ali...
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