How the war on Syria left its mark on Lebanon's economy

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You can imagine how upset the Lebanese people are with all those refugees in their midst.

How the war on Syria left its mark on Lebanon's economy


The economic and social impact of the Syrian crisis — now entering its sixth year — is one of the most critical issues facing Lebanon. The total number of displaced Syrians who took refuge in Lebanon since the outbreak of the conflict in March 2011 stands at 1.5 million, equivalent to about a quarter of Lebanon's population. This has strained the public financial capacities and the provision of environmental services in Lebanon. The crisis is also expected to increase rampant poverty among the Lebanese and widen the income inequality gap.

Summary⎙ Print The war in Syria, now in its sixth year, has deeply affected Lebanon's social and economic sectors.
Author Elias al-ArajPosted May 13, 2016
TranslatorPascale el-Khoury
Original Article اقرا المقال الأصلي باللغة العربية
In particular, estimates indicate that as a result of the Syrian crisis, about 200,000 Lebanese nationals fell into the clutches of poverty. It is also estimated that about 300,000 Lebanese citizens have become unemployed, and most of them are unskilled young people, which is without a doubt a result of the harmful effect of the low cost of Syrian workers.

Moreover, one can no longer reach the Lebanese territories by land. The ongoing war in Syria, which entailed a state of insecurity, risks and potential losses, caused a 60% drop in land transportation from Jordan, Iraq and beyond. This raised the pressure imposed on land and air freight capacities, leading to a rise in transportation costs.

Furthermore, Lebanon is plagued by its internal Sunni-Shiite division in light of the dominant and influential roles of Iran and Saudi Arabia. This division is specifically affecting Lebanon at the following levels:

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How the war on Syria left its mark on Lebanon's economy - Al-Monitor: the Pulse of the Middle East
 

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