Israel-Hezbollah conflict cost Lebanon $8.5 billion: World Bank ...Kuwait

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher as the conflict continues. Ignited by the Gaza war, the conflict had been rumbling on for nearly a year before Israel went on the offensive in September, pounding Lebanon with airstrikes and sending troops into the south. Lebanon faces estimated economic losses of $5.1 billion over 12 months, driven primarily by heavy impacts on commerce, tourism, and agriculture. Direct physical damage in Lebanon amounts to at least $3.4 billion, the Damage and Loss Assessment conducted by the

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