business π War tanks Lebanon's economy into a slump π
The World Bank projects Lebanon's economy will contract by 6.4 percent this year due to ongoing conflict with Israel. The global lender's report, published in Summer 2026, noted the country had previously grown by 4.2 percent in 2025. This sharp downturn is caused by conflict escalation in March 2026, disrupting supply chains and tourism. Inflation is also expected to hit 17.5 percent due to supply issues and volatile fuel prices. Reforms in banking and fiscal management are seen as critical for future recovery efforts.