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International Business Times
International Business Times
World
AFP News

Lebanon Economic Losses Top $5 Billion In Year Of Clashes: World Bank

An Israeli airstrike hit the Chouaifet neighborhood in southern Beirut on November 14 (Credit: AFP)

More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion in economic losses, with actual structural damage amounting to billions more, the World Bank said on Thursday.

Since September 23, Israel has ramped up its air campaign in Lebanon, later sending in ground troops following almost a year of limited, cross-border exchanges initiated by Hezbollah over the Gaza war.

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