Nuvendil said:
And side note, honestly if we crash our global economy - which I don't think will happen but if we do - over a virus with what looks to have a mortality rate of 0.75% give or take just a bit, I would have to say that would be the greatest collective display of human stupidity over the last 10 years. |
You're forgetting to take into account the impact of containment measures extended recovery times in the working age population, not only deaths, and all its cascading effects in the economy - specially services, tourism and entertainment industries
SARS killed less than 950 people, but reduced global GDP by $33 billion, for instance. Now extrapolate that to a flu-like pandemic scenario like the CDC predicts that could happen in the US with a 0.5% death rate and 480,000 dead (of course, it wouldn't scale linearly, but the loss still would be in the hundreds of billions, and such scenarios have been predicted in the market for a very long time).
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