{"id":48652,"date":"2014-09-17T16:00:20","date_gmt":"2014-09-17T16:00:20","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=48652"},"modified":"2014-09-17T15:45:37","modified_gmt":"2014-09-17T15:45:37","slug":"ebola-could-wreck-west-africa-economies-warns-world-bank","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/09\/ebola-could-wreck-west-africa-economies-warns-world-bank\/","title":{"rendered":"Ebola could wreck West Africa economies, warns World Bank"},"content":{"rendered":"
The Ebola outbreak could have a catastrophic impact on the economies of Guinea, Liberia and Sierra Leone, the World Bank says.<\/p>\n
The organisation says the economic impact of the virus could “grow eight-fold” in the “already fragile states”.<\/p>\n
However, it says the cost can be limited if the epidemic – and the accompanying fear – is contained by a fast global response.<\/p>\n
[contextly_sidebar id=”YCK1mzwkungxyqonWO5eOcwIZZhzdB1b”]Ebola has killed 2,461 people in West Africa – the largest ever outbreak.<\/p>\n
Earlier on Wednesday, US President Barack Obama called the latest outbreak “a threat to global security”, as he announced a larger US role in fighting the virus.<\/p>\n
The measures announced included ordering 3,000 US troops to the region and building new healthcare facilities.<\/p>\n
The announcement came as UN officials described the outbreak as a health crisis “unparalleled in modern times”.<\/p>\n
The World Bank’s analysis said billions of dollars could be drained from West African countries by the end of next year if the virus continued to spread.<\/p>\n
Under the worst-case scenario, the global development lender predicted that economic growth next year could be reduced by 2.3 percentage points in Guinea and 8.9 percentage points in Sierra Leone.<\/p>\n
It predicted Liberia’s economy would be hardest-hit, losing 11.7 percentage points off its growth next year.<\/p>\n
In a statement released on Wednesday, Liberian President Ellen Sirleaf Johnson welcomed the US plan to combat Ebola, saying she hoped it would “spur the rest of the international community into action”.<\/p>\n
“This disease is not simply a Liberian or West African problem. The entire community of nations has a stake in ending this crisis,” the statement said.<\/p>\n
<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
The Ebola outbreak could have a catastrophic impact on the economies of Guinea, Liberia and Sierra Leone, the World Bank says. The organisation says the economic impact of the virus could “grow eight-fold” in the “already fragile states”. However, it says the cost can be limited if the epidemic – and the accompanying fear – […]<\/p>\n","protected":false},"author":14,"featured_media":48653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[14],"yoast_head":"\n