If War Breaks Out… the Economy Has No Lines of Defense

What came before this story

• 2019: Lebanon’s financial system began collapsing, a crisis that later stories describe as continuing to weigh on the economy. Lebanon’s young workers caught in a cycle of crisis · Nidaa Al Watan ↗

What the sources say led here

• According to economist Jassem Ajaka, the economic consequences of a new war could be deep because Lebanon is still burdened by the financial collapse that began in late 2019, with losses exceeding 40 % of GDP. Nidaa Al Watan ↗ · Al Anbaa ↗ · CH23 ↗
• Ajaka says the risks are compounded by Lebanon’s dependence on imports for more than 80 % of essential consumer goods, including grain, medical supplies and fuel. Nidaa Al Watan ↗ · Al Anbaa ↗

What the sources say about the impact

• The reports warn that a new war would threaten tourism, trade, agriculture, infrastructure and supply chains; they do not quantify these potential effects. Nidaa Al Watan ↗ · Al Anbaa ↗
• The reports say Lebanon’s listing on the Financial Action Task Force’s grey list adds complications for the flow of money, transfers and foreign aid. Nidaa Al Watan ↗ · Al Anbaa ↗

Places in this story

Markers locate each place approximately, not the exact site of the event. Lebanon ↗ · © OpenStreetMap contributors

Prepared automatically from the cited reports, earlier stories and references, and may contain errors: check the sources. Wikipedia text is available under CC BY-SA.