Lebanese economy faces $5B loss and GDP falls to $35B

The article summarized the impact of the war on the Lebanese economy, noting that the economy has suffered losses exceeding $5 billion this year. The Gross Domestic Product (GDP) has declined from around $40 billion to approximately $35 billion, representing a decrease of between 10% and 15%. The tourism sector was directly affected, with the number of tourists arriving through the airport dropping to between 12,000 and 15,000 daily. Industries and agriculture, especially in the south, also suffered damage, while the manufacturing sector and essential supplies such as medicine and energy remained relatively stable. The war has resulted in the loss of tens of thousands of jobs and led to a deterioration of commercial and entertainment activities, with economic activity contracting significantly. The situation is expected to remain dire unless political and security stability is achieved, and Lebanon begins to implement decisive economic and financial reforms.

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