A new U.N. report paints a stark picture of the collapsing 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 over 400,000 people into poverty. That's an economic impact unseen in the conflicts in Syria and Ukraine, or any previous Israel-Hamas war, according to the U.N. agencies that issued the report Thursday. If the conflict lasts until the end of the year, the U.N. projects Palestinian GDP will drop by 12%, with losses of $2.5 billion and more than 660,000 people pushed into poverty.