BEIRUT, July 24 (Xinhua) -- Lebanon faces catastrophic socioeconomic collapse without urgent coordinated recovery efforts, a UN multi-agency report warned Thursday.

The report, under the title of "The Socioeconomic Impacts of the 2024 War on Lebanon," showed that the conflict between Israel and Hezbollah displaced more than 1.2 million people "within days," destroyed nearly 64,000 buildings across the southern Lebanon, and slashed employment in the private sector by 25 percent.

Some 70 percent of businesses closed in severely affected areas, and education disruptions affected hundreds of thousands of students, whereas human development has regressed to 2010 levels, the report showed.

The report projected a potential 8.2-percent GDP growth in 2026 and a 7.1-percent one in 2027 given a reform-led recovery. Yet even then, GDP would remain 8.4 percent below its pre-crisis 2017 peak of 51.2 billion U.S. dollars.

The report outlined four priorities -- rebuilding state institutions, reviving employment, restoring basic services, and rehabilitating war-damaged environments.

It also urged swift, coordinated action from the government, UN agencies, international donors, civil society organizations, and the private sector, through a financing framework combining local funds, aid, and foreign investment to avert deeper poverty and social collapse. ■