The ripple effects of the war in Gaza are likely to knock Lebanon’s fragile economy, which had begun making a tepid recovery after years of crisis, back into recession, the World Bank said in a report released Thursday.
Before the outbreak of the ongoing Israel-Hamas war on Oct. 7, the World Bank had projected that Lebanon's economy would grow in 2023, by a meager 0.2%, for the first time since 2018, driven largely by remittances sent from Lebanese working abroad and by an uptick in tourism.
