Ebola hit countries to lose $809 million by 2015: World Bank

By the end of next year, the three core Ebola hit countries in West Africa -- Liberia, Sierra Leone, and Guinea -- will lose about $809 million in their economies, the World Bank predicted.

Accra: By the end of next year, the three core Ebola hit countries in West Africa -- Liberia, Sierra Leone, and Guinea -- will lose about $809 million in their economies, the World Bank predicted.

This projected loss will be the medium-term impact of the outbreak of the Ebola Virus Disease (EVD) on these countries, Xinhua reported.

A statement issued from the World Bank's Ghana office responsible for both Sierra Leone and Liberia said the bank "finds that if the virus continues to surge in the three worst-affected countries -- Liberia, Sierra Leone and Guinea, its economic impact could grow eight-fold, dealing a potentially catastrophic blow to the already fragile states".

For Guinea, it said the short-term impact of the disease would be a loss of $130 million or 2.2 percent of the country's total Gross Domestic Product (GDP) in 2014.

The medium term with low Ebola incidence will result in a loss of $43 million or 1.0 percent of GDP in 2015, while a high Ebola incidence will cost the country $142 million or 2.3 percent of GDP in 2015.

The analysis found out that the disease outbreak would affect economic output variously in the three core countries.

 

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close