Summary of The Economic Impact of the 2014 Ebola Epidemic

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The outbreak of the Ebola virus in West Africa has already exacted a horrific human toll and, as this timely report from the World Bank Group reveals, its economic impact on Liberia, Sierra Leone and Guinea, the three countries at the disease’s epicenter, is shattering. Like the virus itself, the contagion effect of disrupted output, higher prices and low investor confidence could spread beyond their borders. Unless foreign governments stand behind these countries in their efforts to contain the outbreak, economic progress in the region will come to a grinding halt. getAbstract recommends this report for its perceptive though unsettling look at Ebola’s financial ravages.

In this summary, you will learn

  • How the outbreak of Ebola virus is affecting the economies of Liberia, Sierra Leone and Guinea;
  • What the medium-term economic impacts could be for the region; and
  • Why containing the epidemic is critical from both a human and an economic standpoint.
 

About the Author

The World Bank Group provides financial and technical assistance to developing countries.

 

Summary

The Ebola epidemic has grabbed the world’s attention, yet few have reported on the economic impact at the disease’s epicenter – Liberia, Sierra Leone and Guinea. Costly health care, as well as infected individuals’ inability to work, is damaging these economies. People’s “aversion behavior” due to fear...

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