Ebola: Deadly Disease Could Wreck W’Afica’s Economies-World Bank

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The world bank has said that the Ebola outbreak could have a catastrophic impact on the economies of Liberia, Guinea and Sierra Leone. According to the Organisation, the economic impact of the virus could “grow eight-fold in the already fragile states”, but it also said the cost can be limited if the epidemic and the accompanying fear is contained by a fast global response.

In an analysis by the world bank, it said billions of dollars could be drained from west African countries by the end of next year if the virus continued to spread and under the worst case scenario, the global economic lender predicted that economic growth next year could be reduced by 2.3 percentage points in Guinea and 8.9 percentage points in Sierra Leone.

This report emphasised the need to tackle the fear of the disease as well as the virus itself, and that  aversion behavior arising from concerns about contagion, was having a bigger economic impact that the direct cost imposed by the epidemic.

Kathy Esan

Kathy Esan

AM demiurgic, efficacious, indefatigable.When am not seeking therapy for my xenuphobia (extreme fear of tom cruise) am busy curating the amazing James Patterson fan site. Analogue by birth, digital by design and......oh well out of words now.

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