World Bank projects Lebanon economy to contract by 6.4 percent due to war

BEIRUT: The World Bank on Friday projected that Lebanon’s economy would contract by 6.4 percent this year, as the latest Israel-Hezbollah war derailed the country’s efforts at recovery. Lebanon has been dealing with an unprecedented financial crisis since 2019 and was still reeling from the 2024 Israel-Hezbollah war when the Iran-backed group drew it into the Middle East conflict by attacking…