The impact of Gaza war on Lebanon is being felt across several sectors and transmission channels. The effects on the aggregate economy will most likely vary in the future depending on different war scenarios, including intensity of the war, its duration and possible geographic expansion. However,forecasting such an impact is beyond the scope of this report. Instead, the analysis focuses on the main transmission channels are being
affected by the ongoing war, considering they are likely to be further disrupted should the conflict escalate or expand furth in time and space. These channels include tourism, trade and financial inflows.