| John2290 said: Anyone have any good scource on how the economy can hold up against this and for how long. Factual stuff and not conspiratorial but also whitin a grasp of understanding for somone who knows fuck all. Is there precedent or are we in uncharted territory? |
It's difficult to gauge, since few economic studies have concerned themselves with it.
But I've found one mentioning that a disease like the 1957 Flu would reduce world GDP by 2%, and one like the Spanish Flu by 4.8%. The 2009 Flu cost 0.3%.
I think that makes around 2% a reasonable estimate. I'm suspecting most of the damage will come from the quarantines rather than work hours lost.
https://www.reuters.com/article/us-reutersmagazine-davos-flu-economy-idUSBRE90K0F820130121
Last edited by haxxiy - on 13 March 2020
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