GENEVA: More than a year into Zionist entity’s war against Hamas, “nearly 100 percent” of Gaza’s population has been plunged into poverty with a ruined economy and “staggering” unemployment, the UN said Thursday.

In the occupied West Bank, where violence has also surged since October 7, the situation “has been equally concerning”, the UN’s International Labour Organization said. “The impact of the war in the Gaza Strip has taken a toll far beyond loss of life, desperate humanitarian conditions and physical destruction,” Ruba Jaradat, ILO’s regional director for Arab States, said in a statement.

“It has fundamentally altered the socioeconomic landscape of Gaza,” she warned. “The impact will be felt for generations to come.” In the Gaza Strip, “nearly 100 percent of the population now lives in poverty”, ILO said. It warned that “the significant economic contraction in the West Bank is estimated to have more than doubled the short-term poverty rate, rising from 12 percent in 2023 to 28 percent by mid-2024”. Unemployment in the West Bank surged to nearly 35 percent since last October, “while in Gaza it averaged a staggering 79.7 percent”, ILO said.

The agency said the wider economic toll had also been “unprecedented” across the occupied Palestinian territories. The West Bank saw gross domestic product contract by 21.7 percent year-on-year, while GDP in the Gaza Strip nosedived 84.7 percent, it said.

Zionist entity attacks have killed at least 42,409 people, the majority civilians, according to figures from the health ministry in the Hamas-run territory, which the UN considers reliable. These figures also “reflect the shutdown of most economic activities in Gaza due to the destruction of homes and infrastructure, and the recurring displacement of workers and employers”, ILO said. “This has led either to complete termination of work or to a predominance of informal and irregular work.”

ILO said Gazans were also grappling with soaring prices, with year-on-year inflation reaching a whopping 248 percent in August. On Wednesday, the United Nations again warned of the risk of a full-blown famine in the besieged territory. The situation is also increasingly dire in the West Bank.

“Zionist entity barriers to movement of persons and goods, coupled with broader trade restrictions and supply chain disruptions, have severely impacted the economy”, ILO said. “The closure of the Zionist entity labor market to Palestinian workers has further strained livelihoods,” it added. Zionist entity troops or settlers have killed more than 738 Palestinians there in the past year, according to the Ramallah-based health ministry. — AFP