Connect with us

archive

Pondering the Ebola Virus’ Ripple Effects

As the stock market skids lower this week after several speed bumps have emerged in the global economy, there is one that could be more than a bump. Not to be a fearmonger, but the Ebola virus, a severe, often-fatal illness in humans, has spread like wildfire in Guinea, Sierra Leone and Liberia. According to the World Health Organization (WHO), the Ebola virus is killing 70% of the people who contract the disease.

So far there have only been a few reported cases inside the United States, but there is great concern — read that as fear — the disease could spread further, not just in the United States, but in other countries as well. As reported in October 2014, the WHO believes there could be up to 10,000 new Ebola cases per week in alone in Guinea, Liberia and Sierra Leone by the end of this year as the outbreak spreads.

A recent World Bank study estimated that if the epidemic is not contained quickly, by the end of 2015 it could cost Liberia 12% of its gross domestic product (GDP) and Sierra Leone 8.9% of its GDP. The World Bank goes on to estimate that if the outbreak spreads more widely to neighboring countries with larger populations and economies, then the two-year financial cost could reach $32.6 billion. We’d note that during October 2014, when the urgency was high and fear was climbing, there were no licensed Ebola vaccines, but two potential candidates were undergoing evaluation.

While certainly not a fad, the question to ponder at the moment is: what are the implications and economic effects of the Ebola virus?

Read more about the economic ripples of the Ebola Virus at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

Jessica Yaniv, Canada transgender waxing case Jessica Yaniv, Canada transgender waxing case

State-Enforced Sexual Assault.

CULTURE

Fox News to Air Fake Republican Group’s Pro-Mueller Ad.

U.S. POLITICS

The Left’s Weaponization of Journalism. 

U.S. POLITICS

Ayanle Hassan Ali, Canada ISIS Jihadi Ayanle Hassan Ali, Canada ISIS Jihadi

Canada Wants To Send This Jihadi to College.

FOREIGN AFFAIRS

A recent World Bank study estimated that if the epidemic is not contained quickly, by the end of 2015 it could cost Liberia 12% of its gross domestic product (GDP) and Sierra Leone 8.9% of its GDP.

archive

Pondering the Ebola Virus’ Ripple Effects

A recent World Bank study estimated that if the epidemic is not contained quickly, by the end of 2015 it could cost Liberia 12% of its gross domestic product (GDP) and Sierra Leone 8.9% of its GDP.

As the stock market skids lower this week after several speed bumps have emerged in the global economy, there is one that could be more than a bump. Not to be a fearmonger, but the Ebola virus, a severe, often-fatal illness in humans, has spread like wildfire in Guinea, Sierra Leone and Liberia. According to the World Health Organization (WHO), the Ebola virus is killing 70% of the people who contract the disease.

So far there have only been a few reported cases inside the United States, but there is great concern — read that as fear — the disease could spread further, not just in the United States, but in other countries as well. As reported in October 2014, the WHO believes there could be up to 10,000 new Ebola cases per week in alone in Guinea, Liberia and Sierra Leone by the end of this year as the outbreak spreads.

A recent World Bank study estimated that if the epidemic is not contained quickly, by the end of 2015 it could cost Liberia 12% of its gross domestic product (GDP) and Sierra Leone 8.9% of its GDP. The World Bank goes on to estimate that if the outbreak spreads more widely to neighboring countries with larger populations and economies, then the two-year financial cost could reach $32.6 billion. We??d note that during October 2014, when the urgency was high and fear was climbing, there were no licensed Ebola vaccines, but two potential candidates were undergoing evaluation.

While certainly not a fad, the question to ponder at the moment is: what are the implications and economic effects of the Ebola virus?

Read more about the economic ripples of the Ebola Virus at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Chris Versace is a financial columnist and equity analyst with more than 18 years of experience in the investment industry. He has been ranked an All Star Analyst by Zacks Investment Research and his efforts in analyzing industries, companies and equity securities have been recognized by both Institutional Investor and Thomson Reuters?? StarMine Monitor. He??s frequently published in The Washington Times and is a frequent contributor to the daily radio show ??America??s Morning News? and ??America??s Radio News?. He has been quoted in the Wall Street Journal, Investor??s Business Daily, The Street, USA Today and other publications. In addition, he can be frequently seen on television??s ??Fox Business? show.

TRENDING NOW:

Jessica Yaniv, Canada transgender waxing case Jessica Yaniv, Canada transgender waxing case

State-Enforced Sexual Assault.

CULTURE

Fox News to Air Fake Republican Group’s Pro-Mueller Ad.

U.S. POLITICS

The Left’s Weaponization of Journalism. 

U.S. POLITICS

Ayanle Hassan Ali, Canada ISIS Jihadi Ayanle Hassan Ali, Canada ISIS Jihadi

Canada Wants To Send This Jihadi to College.

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter