Report

The Economic Impact of the 2014 Ebola Epidemic

Short and Medium Term Estimates for West Africa

The World Bank Group

World Bank, 2014

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The outbreak of the Ebola virus in West Africa has already exacted a horrific human toll and, as this timely report from the World Bank Group reveals, its economic impact on Liberia, Sierra Leone and Guinea, the three countries at the disease’s epicenter, is shattering. Like the virus itself, the contagion effect of disrupted output, higher prices and low investor confidence could spread beyond their borders. Unless foreign governments stand behind these countries in their efforts to contain the outbreak, economic progress in the region will come to a grinding halt. getAbstract recommends this report for its perceptive though unsettling look at Ebola’s financial ravages.

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Although the Ebola epidemic has grabbed the world’s attention, few have reported on its economic impact at the disease’s epicenter: Liberia, Sierra Leone and Guinea.
Costly health care, as well as infected individuals’ inability to work, is damaging local economies. People’s “aversion behavior” due to fear of possible contagion disrupts trade and transportation, reduces employment, closes businesses, and isolates the area.
Liberia’s agricultural production has slid as farms become abandoned or quarantined. The shutting of markets, restaurants and other public facilities in Sierra Leone has affected its economy. Guinea’s crucial exports of cocoa and palm oil have plummeted.

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The World Bank Group provides financial and technical assistance to developing countries.

The Economic Impact of the 2014 Ebola Epidemic

Short and Medium Term Estimates for West Africa

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