Lebanon economy could shrink by up to 10% amid war

Lebanon economy could shrink by up to 10% amid war Lebanon’s ongoing war is expected to shrink the country’s economy by at least seven percent this year and could cost the country an estimated $20bn. Finance Minister Yassine Jaber told Reuters he expects the war to trigger an economic contraction of between seven and 10 percent in 2026. According to the World Bank, the 2024 war caused at least $8.