{
    "success": true,
    "data": {
        "id": 1801845,
        "msgid": "lebanon-suffers-massive-economic-losses-from-conflict-with-israel-1781355127",
        "date": "2026-06-13 18:33:04",
        "title": "Lebanon suffers massive economic losses from conflict with Israel",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Lebanon's economy has sustained approximately $20 billion in direct losses due to the conflict with Israel, according to Economy Minister Amer Bisat. The war has halved the country's economic output compared to pre-crisis levels, severely damaging agriculture, industry, and tourism. The tourism sector alone has lost an estimated $2 billion, equivalent to seven per cent of GDP.",
        "content": "<p>Lebanon\u2019s Economy Minister Amer Bisat has stated that the conflict\nwith Israel has inflicted approximately $20 billion in losses on the\nnational economy and severely hampered its development. \u201cThe war has\ncaused widespread damage, especially in the southern part of the\ncountry. Losses are estimated at around $20 billion,\u201d Bisat told RIA\nNovosti. Beyond the direct damage, the economy has also suffered\nsignificant indirect losses. He noted that Lebanon\u2019s economic volume has\nnearly halved compared to the pre-crisis period, shrinking from $55-57\nbillion to approximately $32 billion. As a result of the war, companies\nand factories have closed, roughly 28 per cent of agricultural land has\ncompletely ceased production, and the tourism sector has taken a serious\nhit. The minister explained that losses suffered by Lebanon\u2019s tourism\nindustry alone are estimated at around $2 billion, equivalent to about\nseven per cent of the country\u2019s GDP. On 2 March, the Hizbullah\nresistance movement initiated rocket and drone attacks against Israel\namid the US and Israeli war against Iran. In response, Israel conducted\nmassive airstrikes against Hizbullah targets in the southern suburbs of\nBeirut, as well as in southern and eastern Lebanon, and launched a\nground operation in the south of the country. Subsequently, on 16 April,\nUS-mediated talks resulted in a ceasefire agreement, although Israel\ncontinued daily strikes on dozens of settlements in southern Lebanon.\nHizbullah retaliated with attacks against Zionist Israeli forces.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lebanon-suffers-massive-economic-losses-from-conflict-with-israel-1781355127",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}