Israeli aggression caused estimated losses between $15 billion and $20bn across key sectors in Lebanon, the Lebanese minister of economy and trade has said.
In an interview with Anadolu following the cease-fire between Israel and Lebanon that took effect early on Wednesday, Amin Salam highlighted the severe impact of the conflict, which displaced 1.4 million people and caused extensive destruction.
Salam explained that prior to the escalation on September 17, estimated losses were around $10bn, mainly affecting tourism and agriculture. However, with intensified attacks, approximately 500,000 Lebanese lost their jobs due to mass displacement, infrastructure damage, and a complete halt in the tourism sector.
The minister noted that daily economic losses reached hundreds of millions of dollars during the peak of the conflict, which hindered the completion of damage assessments.
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