Lebanon’s Economy Minister Amer Bisat has told Al Jazeera that the country is estimated to have lost up to $2bn due to Israel’s escalation of its war on the country since March 2.
“The impact has been fairly major. We think of them in terms of multiple challenges. One challenge is the economic impact itself, people losing their jobs, farms not producing, manufacturing companies closing [and] tourists not showing up,” he was quoted as saying.
“That impact is very large. We are estimating during the war we lost probably $2bn. That’s roughly 7 per cent of the GDP.”
