Gaza War Damage Cost Likely Now $14 Billion To $20 Billion: World Bank

World Bank President Ajay Banga estimates war damage from Israeli strikes on Gaza at $14-20 billion, with additional destruction in southern Lebanon. He notes the conflict’s global economic impact is currently limited but could significantly increase if it spreads. Banga emphasizes the “unconscionable” loss of civilian lives on all sides. The broader economic consequences depend largely on whether the conflict expands to involve countries that are major contributors to global growth, including commodity exporters.READ FULL