tetano
Editor, Senior Moderator
The Ebola outbreak has already killed at least 2,622 people and shows no signs of stopping. And experts say the economic devastation will continue far into next year, due in large part to growing fears among business owners, farmers and policymakers.
?The largest economic effects of the crisis are not the direct costs,? reads a recent report from the World Bank outlining the issue, ?but rather those resulting from changes in behavior -- driven by fear -- which have resulted in generally lower demands for goods and services and consequently lower domestic income and employment.?
Local governments, foreign states and international organizations have already spent millions of dollars and will require billions to contain the largest Ebola outbreak in history. But these numbers are small in comparison to the economic slowdown expected for Sierra Leone, Guinea and Liberia as commerce grinds to a halt while increasing uneasiness begins to affect the markets. World Bank analysts wrote that if the disease is not contained shortly, problems with food shortages, panic buying and speculation will continue to wrack the already-fragile economies of the affected countries.
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http://www.ibtimes.com/ebola-outbreak-2014-biggest-economic-losses-fueled-fear-experts-say-1691456
?The largest economic effects of the crisis are not the direct costs,? reads a recent report from the World Bank outlining the issue, ?but rather those resulting from changes in behavior -- driven by fear -- which have resulted in generally lower demands for goods and services and consequently lower domestic income and employment.?
Local governments, foreign states and international organizations have already spent millions of dollars and will require billions to contain the largest Ebola outbreak in history. But these numbers are small in comparison to the economic slowdown expected for Sierra Leone, Guinea and Liberia as commerce grinds to a halt while increasing uneasiness begins to affect the markets. World Bank analysts wrote that if the disease is not contained shortly, problems with food shortages, panic buying and speculation will continue to wrack the already-fragile economies of the affected countries.
...
http://www.ibtimes.com/ebola-outbreak-2014-biggest-economic-losses-fueled-fear-experts-say-1691456