Comparing the cost when there have been more than 3,400 deaths is hard for many to mentally grasp. Still, it takes funding to treat and contain virus and disease outbreaks. It also can cripple economies during an outbreak.
The World Bank’s new analysis shows that the economic impacts of Ebola are already very serious in the core three countries. The forecast warns that the cost could become catastrophic under a slow-containment, high Ebola scenario.
The good news: the economic impact could be limited if immediate national and international action stop the epidemic. In broader regional and economic terms, it should be kept in mind that neighboring countries have limited border access, airline flights and transportation have already been interrupted, and all of this limits trade.
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The new World Bank group report said:
As it is far from certain that the epidemic will be fully contained by December 2014 and in light of the considerable uncertainty about its future trajectory, two alternative scenarios are used to estimate the medium-term (2015) impact of the epidemic, extending to the end of calendar year 2015. … With Ebola’s potential to inflict massive economic costs on Guinea, Liberia, and Sierra Leone and the rest of their neighbors in West Africa, the international community must find ways to get past logistical roadblocks and bring in more doctors and trained medical staff, more hospital beds, and more health and development support to help stop Ebola in its tracks.
A “low Ebola” scenario corresponds to rapid containment within the three most severely affected countries, while “high Ebola” corresponds to slower containment in the three countries, with broader regional contagion. 24/7 Wall St. has also outlined the cost elsewhere of these outbreaks. We have signaled the following nations in an Ebola analysis:
- Sierra Leone, by the numbers
- Liberia, by the numbers
24/7 Wall St. showed what the major fallout was in the Ebola drug candidate stocks after the Ebola case was confirmed in the United States. With fresh reports that air passengers leaving Ebola regions will face additional screening at airports and the like, this Ebola outbreak’s impact seems far from being over any time soon.
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