Philadelphia (CBS) – On Talk Radio 1210 WPHT, Dom Giordano hosted a forum at LaSalle University to address Ebola and talked to economist Dr. Walter Schubert about the economic impact of the virus.
Schubert said the real economic damage is happening in the countries with the most Ebola cases.
“Liberia’s economy has been hurt severely, as is true of Guinea and Sierra Leone as well. This is because companies had to shut down. There’s fear across the country. Also, we have to worry about the money the government is spending to fight Ebola, so it’s not spent in another direction…The cost is complicated to calculate. The World Bank has made some estimates, running from $4 Billion to $32 Billion, depending on how much it spreads.”
He believes the international community will pull together to keep countries dealing with Ebola pandemics solvent, so economic failures don’t make the problem worse.
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