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The Economics of Ebola

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Yep... It's frighteningly infectious in the symptomatic stage.

    I think that's something like 150 infections of medical personnel so far, and 60+ deaths.

    And most of them knew what they were dealing with.... So took maximum possible precautions against infection.



    Happens every time though?

    A disease like this comes along every few years, kills a few hundred people in Africa, burns itself out, and the world gets complacent.

    Until one day, it spreads....

    The newspapers go on about a death rate of 90% yet the death rate there is <40%.

    Beware hysteria.
  • MARTYM8`
    MARTYM8` Posts: 1,212 Forumite
    Eighth Anniversary 1,000 Posts
    Apparently six people are being tested for Ebola in New York according to CNN. Hopefully all negative!

    http://www.breitbart.com/Breitbart-TV/2014/08/04/Patient-in-NYC-Tested-for-Ebola

    In terms of the economics of ebola - what an odd title. Are we supposed to debate whether an outbreak will lead to an increase in GDP per head or a house price crash as the demand for housing falls?
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    MARTYM8` wrote: »
    Apparently six people are being tested for Ebola in New York according to CNN. Hopefully all negative!

    http://www.breitbart.com/Breitbart-TV/2014/08/04/Patient-in-NYC-Tested-for-Ebola

    In terms of the economics of ebola - what an odd title. Are we supposed to debate whether an outbreak will lead to an increase in GDP per head or a house price crash as the demand for housing falls?

    No, that would be 'Ebola and house prices'. There is an economic impact of disease and health. Some is cost of labour lost, aid when given. Insurances. Etc etc This is already having economic impact in businesses worldwide which interact with that mRket. quite besides the horror of Ebola, there is an economic impact.

    Just because we're not discussing it :o. Doesn't mean its not there.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MARTYM8` wrote: »
    In terms of the economics of ebola - what an odd title. Are we supposed to debate whether an outbreak will lead to an increase in GDP per head or a house price crash as the demand for housing falls?

    This board is for debating the economy and house prices.

    Off topic threads are moved elsewhere.

    As ebola (or any other significant disease outbreak) will have an economic impact, by including that aspect we can keep the thread here while also discussing the social and moral aspects.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • michaels
    michaels Posts: 29,232 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Generali wrote: »
    The newspapers go on about a death rate of 90% yet the death rate there is <40%.

    Beware hysteria.

    I thought the current figure was 55-60 percent. Not the sort of odds I would like to face and even those who don't die may have ongoing health issues?
    I think....
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    michaels wrote: »
    I thought the current figure was 55-60 percent. Not the sort of odds I would like to face and even those who don't die may have ongoing health issues?

    The death rate seems to be ~40% from HAMISH_MACTAVISH's sample.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    michaels wrote: »
    If medical practitioners taking maximum precautions can't protect themselves then does it make sense to try to provide treatment?!

    Yes. It's not a binary can protect / can't protect. And if a lot more people are treated and isolated / quarantined, that still makes it a worthwhile thing to do overall. Medical personnel are an awful lot less likely to catch it than a mother / wife / son / brother nursing someone at home.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • michaels
    michaels Posts: 29,232 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Seems strange with confirmed death in Saudi, exponentially increasing cases in Lagos and possibles elsewhere it is not even mentiooned on bbc news today.
    I think....
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    michaels wrote: »
    Seems strange with confirmed death in Saudi, exponentially increasing cases in Lagos and possibles elsewhere it is not even mentiooned on bbc news today.

    Confirmed death, not confirmed Ebola, AIUI?

    It is on the BBC site:

    Suspected Ebola victim dies in Saudi Arabia

    http://www.bbc.co.uk/news/health-28678699
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • michaels
    michaels Posts: 29,232 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Pip quiz. If you were a medical worker treating Ebola patients would you want a shot of an untrialled vaccine?
    I think....
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