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Bird flu could push world into recession Original Source Link: (May no longer be active)    http://thescotsman.scotsman.com/international.cfm?id=2192022005 http://thescotsman.scotsman.com/international.cfm?id=2192022005 Bird flu could 'push world into recession' VIDYA RANGANATHAN IN SINGAPORE POTENTIAL human and economic costs from a bird flu pandemic are huge, the World Bank said yesterday, while the Asian Development Bank warned such an outbreak could push the world economy into recession. The World Bank, issuing a separate twice-yearly report on East Asia's economies, said the spread of avian flu was so far confined to the rural areas of several Asian countries. However, there was a big risk to economic growth in 2006 due to potential policy actions such as quarantines and travel restrictions, it said. Milan Brahmbhatt, an economist and the main author of the report, said: "While the costs of dealing with this have so far been limited to around 0.1 per cent of GDP, from culling birds and implementation of better animal health surveillance systems, the potential impact of a serious pandemic is of grave concern." The report said that the most immediate economic impacts of a pandemic might arise not from death or sickness but from people and governments responding in an unco-ordinated way - as was the case with the SARS outbreak of 2003. While the bank said it was foolhardy to try to estimate costs from such a shock, it noted disruptions from SARS resulted in the loss of possibly 2 per cent of East Asian GDP in one quarter. A 2 per cent loss of global GDP during a worldwide influenza pandemic would represent around $200 billion (£113 billion) in one quarter, the World Bank said. The Asian Development Bank said a year-long shock from bird flu in humans would cost Asian economies as much as $283 billion (£160 billion) and would reduce the region's GDP by 6.5 percentage points, hitting Hong Kong and Singapore the most.

Bird flu could push world into recession Bird flu could take 142m lives says study { February 16 2006 } Bird flu kills younger people like 1918 pandemic Bird flu surfaces in delaware Canada scare over non lethal avian flu Cdc may ship killer virus to research labs China confirms three new bird flu outbreaks Europeans neurotic about bird flu Experts dismiss scare over bird flu { November 1 2005 } Govt issues disrupted bird flu guidlines { February 1 2007 } Human bird flu spreads in turkey { January 9 2006 } Researchers confuse sars and bird flu Rumsfeld makes bank off bird flu paranoia { October 31 2005 } US accused of manipulating profiting from bird flu { February 21 2008 } White house push bird flu readiness { December 10 2005 } Files Listed: 15

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