UN report outlines Gaza war's devastating impact on Palestinian economy

A man sits on the rubble as others wander among debris of buildings targeted by Israeli airstrikes in Jabaliya refugee camp, northern Gaza Strip on Nov 1, 2023. [AP Photo]

A new U.N. report paints a stark picture of the collapse of the Palestinian economy after a month of war and Israel's near total siege of Gaza.

The gross domestic product shrank 4% in the West Bank and Gaza in the war's first month, sending more than 400,000 people into poverty, an economic impact unseen in the conflicts in Syria and Ukraine, or any previous Israel-Hamas war, the U.N. said.