Israel’s war in Gaza and more limited conflict with Hezbollah on its northern border with Lebanon is taking a toll on the Israeli economy. In the final quarter of 2023, Israel’s gross domestic product (GDP) – a measure of a country’s economic health – shrank by almost 20%. Consumption dropped by 27% and investment by […]
War in the Middle East has put Lebanon on the brink of economic disaster
The recent return of violence to Lebanon derails hope that the worst of the crises that have plagued the country over the past four years have been left behind. After a spiral of hyperinflation, debt default and crumbling public services, modest signs of economic recovery from one of the “most severe crisis episodes [seen] globally […]