crisis

Figures Outlining Impact of War on Economy

Nabil Fahed, president of the Supermarket Owners’ Union, revealed that the non-essential commercial sector, meaning non-food-related businesses, is operating at only 5% of its pre-war capacity, experiencing a 95% drop. Additionally, it is facing various challenges, according to him. The closure of the Masnaa border crossing, which connects to ...

Economic Consequences of the Hezbollah-Israel Conflict

This conflict will inflict particularly harsh consequences on the Lebanese economy in both the short and medium term. Already struggling with a dire economic crisis, Lebanon may experience further deterioration, characterized by rising inflation and increasing unemployment. The heightened tensions have also created a climate of uncertainty that ...