Here's how the virus could impact the global economy as a whole, according to the economic impacts from past outbreaks. FILE PHOTO: A nurse wearing protective gear walks outside a Severe Acute Respiratory Syndrome Clinic in suburban TorontoThe outbreak of Severe Acute Respiratory Syndrome, referred to as SARS, in 2003 was one of the biggest outbreaks in recent history.
SARS' impacted the economy by influencing expenses like medical care, travel, consumer confidence, and investment,A health worker dressed in a protective suit talks to medical staff at the newly constructed MSF Ebola treatment centre in Goma.From 2014 to 2016, the Ebola virus spread from West Africa, causing nearly 29,000 cases and 11,316 deaths in West Africa alone. Outside the region, around 2,500 were infected and 1,597 died, according to the CDC. $2.2 billion in GDP loss in the region.
A global outbreak would hurt poorer countries the most, the study said, causing a loss of 0.3% in annual income for high-income countries, but a more significant loss of 1.6% in lower-to middle-income countries. The Wuhan virus, like previous outbreaks, has impacted various industries from travel to healthcare.
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