The report finds that damage to physical structures alone amounts to at least $3.4 billion and estimates that the conflict has caused $5.1 billion in economic losses as of the assessment cut-off dates. The final damage and losses due to the conflict are expected to be significantly higher, as the conflict has continued and additional sectors are increasingly impacted. The conflict is estimated to have cut Lebanon’s real GDP growth for 2024 by at least 6.6 percent, whereas modest growth had been forecast prior to the conflict. This compounds five years of sustained sharp economic contraction in Lebanon that has exceeded 34 percent of real GDP, losing the equivalent of 15 years of economic growth.