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Economics of Ebola

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Tom Carlson
Tom Carlson

With all the news regarding Ebola and how it is affecting people it is also important to see how the outbreak can affect the national economies of affected nations and also the global market as a whole. Tom Carlson explores how Ebola could affect countries individually and globally.

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Economics of Ebola Tom Carlson
Ebola Abroad Even with a lot of outstanding concerns about the Ebola epidemic, around the globe the noise has silenced a little as people are recovering and preparations are made to combat and quarantine it On of the main reasons for the muted coverage is also related to the countries most affected by the disease; Guinea, Liberia and Sierra Leone These countries are quite small in economic terms and account for about 2% of the gross domestic product of Sub-Saharan Africa
Ebola Abroad Pt. II On the other hand the regional economic effects of Ebola could be much more serious if the outbreak were to spread to Ivory Coast and Ghana Concerns are rising as the price of cocoa is increasing in both countries and has even climbed 23% this year even as the price of other commodities has fallen Ghana is also a lead producer of oil and precious minerals
Ebola and Stocks The World Health Organization has also been alerted that Ebola may have made its way into: Benin Cameroon Central African Republic Democratic Republic of the Congo Gambia Mauritania Nigeria Togo
Ebola and Stocks Pt: II At the current moment, investors are remaining calm about the potential financial risks caused by Ebola in all these nations So far there is not enough of a panic to affect stocks There will continue to be a large amount of monitoring to ensure there is not a crash or a problem within the markets
White House to Influence NY/NJ Quarantine Policy Ghana currently has a population of more than 25 million and shares a border with Ivory Coast It is also where the U.N. has decided to base its mission to respond to the Ebola epidemic The U.S. has provided Ghanas government with $1.7 million to prepare and respond to the Ebola outbreak. Economists will continue to monitor the terror and fear the outbreak has caused The International Monetary Fund recently reduced its forecast for growth in Sub-Saharan Africa because of Ebola, which has hurt tourism and exports
Containing Ebola In New York and New Jersey the governors enforced mandatory quarantines for health care workers that were returning from the Ebola zone over the weekend A move that was highly criticized. Many believe the decision to quarantine the workers was not medically reasonable or necessary To date there has only been one U.S. death
Containing Ebola Julian Jessop, Chief Global Economist at Capital Economics says: Locking people up even when they have tested negative looks like an overreaction and may prove counterproductive." "It's a fine balance to strike -- a slow response might mean playing catch-up later and missing the chance to nip the disease in the bud, but being too aggressive might fuel panic and prevent people who might need treatment from coming forward."

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Economics of Ebola

  • 1. Economics of Ebola Tom Carlson
  • 2. Ebola Abroad Even with a lot of outstanding concerns about the Ebola epidemic, around the globe the noise has silenced a little as people are recovering and preparations are made to combat and quarantine it On of the main reasons for the muted coverage is also related to the countries most affected by the disease; Guinea, Liberia and Sierra Leone These countries are quite small in economic terms and account for about 2% of the gross domestic product of Sub-Saharan Africa
  • 3. Ebola Abroad Pt. II On the other hand the regional economic effects of Ebola could be much more serious if the outbreak were to spread to Ivory Coast and Ghana Concerns are rising as the price of cocoa is increasing in both countries and has even climbed 23% this year even as the price of other commodities has fallen Ghana is also a lead producer of oil and precious minerals
  • 4. Ebola and Stocks The World Health Organization has also been alerted that Ebola may have made its way into: Benin Cameroon Central African Republic Democratic Republic of the Congo Gambia Mauritania Nigeria Togo
  • 5. Ebola and Stocks Pt: II At the current moment, investors are remaining calm about the potential financial risks caused by Ebola in all these nations So far there is not enough of a panic to affect stocks There will continue to be a large amount of monitoring to ensure there is not a crash or a problem within the markets
  • 6. White House to Influence NY/NJ Quarantine Policy Ghana currently has a population of more than 25 million and shares a border with Ivory Coast It is also where the U.N. has decided to base its mission to respond to the Ebola epidemic The U.S. has provided Ghanas government with $1.7 million to prepare and respond to the Ebola outbreak. Economists will continue to monitor the terror and fear the outbreak has caused The International Monetary Fund recently reduced its forecast for growth in Sub-Saharan Africa because of Ebola, which has hurt tourism and exports
  • 7. Containing Ebola In New York and New Jersey the governors enforced mandatory quarantines for health care workers that were returning from the Ebola zone over the weekend A move that was highly criticized. Many believe the decision to quarantine the workers was not medically reasonable or necessary To date there has only been one U.S. death
  • 8. Containing Ebola Julian Jessop, Chief Global Economist at Capital Economics says: Locking people up even when they have tested negative looks like an overreaction and may prove counterproductive." "It's a fine balance to strike -- a slow response might mean playing catch-up later and missing the chance to nip the disease in the bud, but being too aggressive might fuel panic and prevent people who might need treatment from coming forward."