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Lebanon Faces Economic Collapse After Conflict With Israel: 'We Are Starting From Zero'

The aftermath of Israel's airstrikes on Lebanon has left the nation's economy in shambles, forcing many residents to confront devastating losses.

By Aryn Baker and Abdi Latif DahirSource: nytimes.com1 min read
Lebanon Faces Economic Collapse After Conflict With Israel: 'We Are Starting From Zero'
Image via nytimes.com

In brief

In the wake of the recent war, the Lebanese economy is reeling, as individuals like Hasan Raad share tales of hardship and loss.

Weeks after Israeli military action in Lebanon, the country is grappling with extensive destruction and a collapsing economy, as displaced citizens strive to rebuild their lives.As residents of Lebanon begin to assess the extensive damage wrought by the most recent conflict, the storyline is dominated by heartbreak and economic despair. Hasan Raad, a 28-year-old content creator from Beirut, illustrated this stark reality with his own experiences. Once enjoying a promising career and stable living situation, Raad now finds himself unemployed and homeless after an Israeli airstrike reduced his family's apartment building to rubble. "They hit my family's apartment," Raad stated, expressing the profound grief he feels. The loss of his family's home, combined with his inability to utilize his newly-built production studio, has left him deeply affected. The war took away not just physical structures but also his aspirations and dreams. With existing hardships compounded by previous crises—including a crippling economic meltdown, the COVID-19 pandemic, and the catastrophic Beirut port explosion—Lebanon has become a nation torn apart. Raad's statement encapsulates the collective sentiment of many: "We came out of this war with nothing. We are starting from zero."As the country continues to navigate the fallout from this latest conflict, the effects of decades of turmoil are painfully evident, leading many to question what the future holds for themselves and their nation.

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