News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
18
o
Bekaa
9
o
Keserwan
18
o
Metn
18
o
Mount Lebanon
17
o
North
19
o
South
18
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Al Beit El Abyad
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
18
o
Bekaa
9
o
Keserwan
18
o
Metn
18
o
Mount Lebanon
17
o
North
19
o
South
18
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
War impact on Lebanon's economy: 10 economic reasons why Lebanon cannot afford the consequences of a new war
Press Highlights
2023-10-10 | 00:32
High views
Share
Share
4
min
War impact on Lebanon's economy: 10 economic reasons why Lebanon cannot afford the consequences of a new war
Multiple economic and financial sources emphasized that Lebanon's economy cannot withstand the consequences of any new war with Israel, especially if it erupted in the South and spread throughout the country.
Lebanon's economy has lost its immunity, and its resilience is exceedingly limited.
This article is originally published in, translated from Lebanese newspaper Nidaa al-Watan.
These sources have presented several critical points:
1- The fragile financial stability will be disrupted, and the value of the Lebanese lira will once again face depreciation. The cost of war is exorbitant and requires currently unavailable resources, potentially forcing the state to tap into what remains of the deposits at the Central Bank of Lebanon (approximately $7 billion). These are meager funds left for depositors, making it paltry restitution before others.
2- Lebanon is already struggling with a shortage of financing. It will suffer even more if it engages in a war against Israel and faces Western sanctions. This could impact remittances from expatriates, which currently serve as a lifeline for hundreds of thousands of families.
3- Israel would target Lebanon's infrastructure, as it did in the 2006 war, possibly with even greater severity this time. Lebanon's infrastructure is already dilapidated and vulnerable due to the crisis and the lack of funding for maintenance. Due to geopolitical punitive measures, Lebanon may not have the financial support needed for reconstruction.
4- The potential for additional monetary collapse could lead to higher inflation, increased poverty, further impoverishment of segments of society, and the loss of purchasing capacities.
5- If events escalate and become more complicated, the airport could be subject to airstrikes, dealing a painful blow to the tourism sector and its associated businesses. Tourism, in addition to remittances, forms a seasonal lifeline during the summer months and holidays.
6- If Lebanon already suffers losses exceeding $70 billion due to the financial crisis, this amount will inevitably increase to a level it cannot endure in the coming years.
7- If events further develop, the South and other regions would experience thousands of displacements in a way that the collapsed state could not manage, foreshadowing massive chaos with severe social repercussions.
8- If the war escalates and extends to the sea, land, and air, drilling operations in Block 9 will undoubtedly halt, and foreign companies will abandon this investment indefinitely due to the arising risks.
9- If Israel targets facilities and ports, the supply of consumer goods and citizens' necessities could be disrupted, potentially leading to food shortages, medicine, and more. Lebanon imports 80 percent of its consumption needs.
10- Due to possible destruction and additional economic collapse, state revenues will dwindle to low levels, and along with them, all administrative, social, and security services will deteriorate—a comprehensive collapse of the entire state.
Lebanon News
Lebanon Economy
Press Highlights
War
Impact
Lebanon
Economy
Reasons
Afford
Consequences
Next
Hezbollah's balancing act amid escalating tensions on the southern border
International concerns over tensions on Lebanese southern border
Previous
Related Articles
d-none hideMe
0
Lebanon Economy
2024-02-17
S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy
Lebanon Economy
2024-02-17
S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy
0
News Bulletin Reports
2024-03-02
Unforeseen Consequences: The Impact of GPS Manipulation on Drones and Fishermen in Lebanon
News Bulletin Reports
2024-03-02
Unforeseen Consequences: The Impact of GPS Manipulation on Drones and Fishermen in Lebanon
0
Israel-Gaza War Updates
08:51
Lebanon warns of humanitarian crisis in Rafah amid Israeli escalation
Israel-Gaza War Updates
08:51
Lebanon warns of humanitarian crisis in Rafah amid Israeli escalation
0
Lebanon News
2024-05-02
Lebanon's Minister Ali Hamie warns of Israeli threat to air navigation safety
Lebanon News
2024-05-02
Lebanon's Minister Ali Hamie warns of Israeli threat to air navigation safety
Recommended For You
d-none hideMe
0
Press Highlights
2024-03-26
From the inside: Hezbollah's take on southern Lebanon's renewed tensions
Press Highlights
2024-03-26
From the inside: Hezbollah's take on southern Lebanon's renewed tensions
0
Press Highlights
2024-03-25
Exploring Lebanon's presidential path: Three key initiatives unveiled
Press Highlights
2024-03-25
Exploring Lebanon's presidential path: Three key initiatives unveiled
0
Press Highlights
2024-03-25
Ahmad Rustom highlights progress and challenges in national dialogue initiative
Press Highlights
2024-03-25
Ahmad Rustom highlights progress and challenges in national dialogue initiative
0
Press Highlights
2024-03-25
Lebanese Presidential elections postponed until after Eid al-Fitr
Press Highlights
2024-03-25
Lebanese Presidential elections postponed until after Eid al-Fitr
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon Economy
02:28
Fuel prices decrease across Lebanon
Lebanon Economy
02:28
Fuel prices decrease across Lebanon
0
Middle East News
2023-10-03
Two Syrian soldiers injured in Israeli airstrike near Deir ez-Zur city
Middle East News
2023-10-03
Two Syrian soldiers injured in Israeli airstrike near Deir ez-Zur city
0
Breaking Headlines
2023-10-19
Al Jazeera correspondent in Lebanon: 9 civilians, including 6 journalists, are trapped near Israeli Al-Abbad site in the vicinity of Houla town; Israeli forces are firing to prevent them from leaving
Breaking Headlines
2023-10-19
Al Jazeera correspondent in Lebanon: 9 civilians, including 6 journalists, are trapped near Israeli Al-Abbad site in the vicinity of Houla town; Israeli forces are firing to prevent them from leaving
0
Lebanon News
2024-02-16
Israeli Minister: Global pressure needed on Iran and Hezbollah to withdraw from Southern Lebanon
Lebanon News
2024-02-16
Israeli Minister: Global pressure needed on Iran and Hezbollah to withdraw from Southern Lebanon
Videos
d-none hideMe
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Israel-Gaza War Updates
10:18
Hamas reports death of Israeli hostage due to injuries from Israeli bombardment
Israel-Gaza War Updates
10:18
Hamas reports death of Israeli hostage due to injuries from Israeli bombardment
2
Middle East News
00:56
Two Israeli soldiers killed in Hezbollah drone attack near Metula
Middle East News
00:56
Two Israeli soldiers killed in Hezbollah drone attack near Metula
3
Israel-Gaza War Updates
08:51
Lebanon warns of humanitarian crisis in Rafah amid Israeli escalation
Israel-Gaza War Updates
08:51
Lebanon warns of humanitarian crisis in Rafah amid Israeli escalation
4
News Bulletin Reports
12:22
Lebanon's Response to the Revised French Proposal: Unbalanced Demands and Key Considerations
News Bulletin Reports
12:22
Lebanon's Response to the Revised French Proposal: Unbalanced Demands and Key Considerations
5
Israel-Gaza War Updates
09:04
US clarifies views on Rafah operation to Israel, State Dept says
Israel-Gaza War Updates
09:04
US clarifies views on Rafah operation to Israel, State Dept says
6
Israel-Gaza War Updates
00:40
Israeli Army raids Rafah crossing in southern Gaza Strip, Al Jazeera reports
Israel-Gaza War Updates
00:40
Israeli Army raids Rafah crossing in southern Gaza Strip, Al Jazeera reports
7
Israel-Gaza War Updates
07:35
Hamas: Israeli invasion of Rafah aims to disrupt ceasefire mediation efforts
Israel-Gaza War Updates
07:35
Hamas: Israeli invasion of Rafah aims to disrupt ceasefire mediation efforts
8
Israel-Gaza War Updates
00:10
Jordan's King presses Biden to avert Israel's attack on Rafah
Israel-Gaza War Updates
00:10
Jordan's King presses Biden to avert Israel's attack on Rafah
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More