Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

FACTBOX: Economic costs of a flu pandemic

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-26-09 02:10 PM
Original message
FACTBOX: Economic costs of a flu pandemic
http://www.disclose.tv/frameset.php?url=http%3A%2F%2Fwww.businessinsider.com%2Fswine-flu-pandemic-would-cost-trillions-2009-4

However, health experts have long warned that the next flu pandemic was overdue and urged countries around the world to prepare for the dramatic economic impact of such a catastrophe.

Below are estimates of economic costs of such a disaster:

* The World Bank estimated in 2008 that a flu pandemic could cost $3 trillion and result in a nearly 5 percent drop in world gross domestic product. The World Bank has estimated that more than 70 million people could die worldwide in a severe pandemic.

* Australian independent think-tank Lowy Institute for International Policy estimated in 2006 that in the worst-case scenario, a flu pandemic could wipe $4.4 trillion off global economic output.

* Two reports in the United States in 2005 estimated that a flu pandemic could cause a serious recession of the U.S. economy, with immediate costs of between $500 billion and $675 billion.

One report, from the Congressional Budget Office, said hospitals would have difficulty controlling infection and might become sources for spreading the illness.

A second report by New Jersey-based WBB Securities LLC predicted a one-year economic loss of $488 billion and a permanent economic loss of $1.4 trillion to the U.S. economy.

* SARS in 2003 disrupted travel, trade and the workplace and cost the Asia Pacific region $40 billion. It lasted for six months, killing 775 of the 8,000 people it infected in 25 countries.
Printer Friendly | Permalink |  | Top
sam sarrha Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-26-09 02:16 PM
Response to Original message
1. i keep telling the dim wit cynics that it could be a tipping point in an economy on life support...
like ours :hide:
Printer Friendly | Permalink |  | Top
 
Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-26-09 02:19 PM
Response to Original message
2. I see it as something that will kill a global economy
But, I don't think THAT is a bad thing.:hide:
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Sep 24th 2020, 12:21 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC