Here's how the deadly Wuhan virus could impact the global economy, based on what we know about past outbreaks
Here's how the virus could impact the global economy as a whole, according to the economic impacts from past outbreaks. FILE PHOTO: A nurse wearing protective gear walks outside a Severe Acute Respiratory Syndrome Clinic in suburban TorontoThe outbreak of Severe Acute Respiratory Syndrome, referred to as SARS, in 2003 was one of the biggest outbreaks in recent history.
SARS' impacted the economy by influencing expenses like medical care, travel, consumer confidence, and investment,A health worker dressed in a protective suit talks to medical staff at the newly constructed MSF Ebola treatment centre in Goma.From 2014 to 2016, the Ebola virus spread from West Africa, causing nearly 29,000 cases and 11,316 deaths in West Africa alone. Outside the region, around 2,500 were infected and 1,597 died, according to the CDC. $2.2 billion in GDP loss in the region.
A global outbreak would hurt poorer countries the most, the study said, causing a loss of 0.3% in annual income for high-income countries, but a more significant loss of 1.6% in lower-to middle-income countries. The Wuhan virus, like previous outbreaks, has impacted various industries from travel to healthcare.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Wuhan virus sweeping China has now killed 9 people and infected 440 - Business InsiderThe China Health Commission added three deaths and more than 100 new confirmed infections to its official toll on Wednesday morning local time.
Read more »
Wuhan urges people to stay away in bid to contain China virusChinese health authorities announced measures to combat the spread of the Sars-like virus as the related death toll reached nine with more than 400 people confirmed infected in 13 provinces and municipalities.
Read more »
Football: Olympic qualifiers shifted out of Wuhan following virus fearsWuhan was supposed to host China, Taiwan, Thailand and Australia for the Group B qualifiers February 3-9, but they will now be held on the same dates in the eastern city of Nanjing.
Read more »
How dangerous is the Wuhan virus from China?Speaking with TRT World, Dr Onder Ergonul, a professor at Koc University’s School of Medicine, said the mortality rate of the new virus is nowhere near SARS or MERS, yet recommends caution.
Read more »
What We Know About the Wuhan VirusAlready in Asia and the U.S., health authorities expect that it will spread even further.
Read more »
China's Wuhan shuts down transport as global alarm mounts over virus spreadChina's Wuhan, the city believed to be the source of the coronavirus outbreak, is closing its transportation networks and advising citizens not to leave the city, state media reported
Read more »