World Bank estimates Gaza war damage at $14 billion to $20 billion
Summary: The World Bank estimates that damage from the ongoing war in Gaza is now between $14 billion and $20 billion. This figure includes destruction from Israeli strikes in southern Lebanon as well.
World Bank President Ajay Banga noted that the war's impact on the global economy has been limited so far. However, he warned that an escalation could involve larger economies and commodity exporters.
Banga emphasized the significant loss of civilian life in the conflict, highlighting the humanitarian aspect amid the economic concerns.
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