Lebanon war 2006 in the context of "Israeli–Lebanese conflict"

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⭐ Core Definition: Lebanon war 2006

The 2006 Lebanon War was a 34-day armed conflict in Lebanon, fought between Hezbollah and Israel. The war started on 12 July 2006, and continued until a United Nations-brokered ceasefire went into effect in the morning on 14 August 2006, though it formally ended on 8 September 2006 when Israel lifted its naval blockade of Lebanon. It marked the third Israeli invasion into Lebanon since 1978.

After Israel's withdrawal from southern Lebanon in 2000, Hezbollah aimed for the release of Lebanese citizens held in Israeli prisons. On 12 July 2006, Hezbollah ambushed Israeli soldiers on the border, killing three and capturing two; a further five were killed during a failed Israeli rescue attempt. Hezbollah demanded an exchange of prisoners with Israel. Israel launched airstrikes and artillery fire on targets in Lebanon, attacking both Hezbollah military targets and Lebanese civilian infrastructure, including Beirut's Rafic Hariri International Airport. Israel launched a ground invasion of Southern Lebanon and imposed an air-and-naval blockade on the country. Hezbollah then launched more rockets into northern Israel and engaged the IDF in guerrilla warfare from hardened positions. According to Israeli sources, Hezbollah fired close to 4,000 rockets and missiles at Israel from their arsenal of around 15,000 held before the war.

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Lebanon war 2006 in the context of Economy of Lebanon

The economy of Lebanon has been experiencing a large-scale multi-dimensional crisis since 2019, including a banking collapse, the Lebanese liquidity crisis and a sovereign default. It is classified as a developing, lower-middle income economy. The nominal GDP was estimated at $19 billion in 2020, with a per capita GDP amounting to $2,500. In 2018 government spending amounted to $15.9 billion, or 83% of GDP.

The Lebanese economy went through a significant expansion after the 34-day war of 2006, with growth averaging 9.1% between 2007 and 2010. After 2011 the local economy was affected by the Syrian civil war, growing by a yearly average of 1.7% on the 2011–2016 period and by 1.5% in 2017. In 2018, the size of the GDP was estimated to be $54.1 billion. Between 2019 and 2021, the economy shrank by 53.4%, the highest contraction in a list of 193 countries. Since 2020, the International Monetary Fund no longer publishes data on the Lebanese economy.

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