Wednesday, November 09, 2005

The flu has a price tag! - How nice!
Pandemic could carry $950B cost: World Bank - reads a headline of the Canadian
CBC News. Quoting an official of the World Bank they say that an
pandemic could cost the world economy as much as $950 billion Cdn in lost growth. Health and government officials gathered in Geneva on Monday for the world's largest-ever conference on the disease, and Dr. David Nabarro, United Nations co-ordinator for avian and human influenza estimated that price tag for one year if the disease caused the same kind of disruption as Severe Acute Respiratory Syndrome, or SARS, said World Bank economist Milan Brahmbhatt.

A more severe pandemic would end up costing even more as manufacturing ground to a halt and service industries closed shop, he added.

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