bta beaten to the bird flu punch by csl, page-14

Sabre Tooth read this from the Lowy Institute for International Policy on the

" Global macroeconomic consequences of pandemic influenza"


In a major new Analysis, Professor Warwick McKibbin and Dr Alexandra Sidorenko explore the implications of a pandemic influenza outbreak on the global economy.

Their paper examines a range of scenarios (mild, moderate, severe and ultra) that span the historical experience of influenza pandemics of the twentieth century.

Their analysis finds that a pandemic would be expected to lead to: a fall in the labour force; an increase in the cost of doing business; a shift in consumer preferences; and a re-evaluation of country risk.

The paper finds that even a mild pandemic has significant consequences for global output, costing the world 1.4 million lives and approximately US$330 billion in lost output.

www.lowyinstitute.org - to download the full article