News & Perspective

Oct 17, 2008

Oct 17, 2008

World Bank says flu pandemic could cost $3 trillion

(CIDRAP News) – An internal report prepared by the World Bank estimates that a severe influenza pandemic could kill 71 million people and cause a recession costing more than $3 trillion, Bloomberg News reported today.

The report says that in a severe pandemic, sagging tourism, transportation, retail sales, and productivity, coupled with worker absenteeism, could reduce global gross domestic product (GDP) by 4.8%, according to Bloomberg.