Beirut businesses in the southern suburbs are struggling to stay afloat under Israeli raids targeting Hezbollah. Many shopkeepers have had to close down their businesses due to the decline in customers and financial impact. The World Bank estimates that the Lebanese commercial sector has incurred losses of $1.7 billion over 12 months of conflict. Displacement of employees and business owners from conflict-affected areas has led to a near-complete halt in business activity and disruptions to supply chains. Many consumers now only buy essentials, further impacting businesses in the area.
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Original article source: https://www.dailymail.co.uk/wires/afp/article-14091921/Beirut-businesses-struggle-stay-afloat-Israeli-raids.html
Source Id: 2024-11-548083061