Feb 23, 2016, 9:45 AM

High economic impact of Zika virus in LatAm

High economic impact of Zika virus in LatAm

WASHINGTON, Feb. 23 (MNA) – The economic impact of the Zika virus in Latin America and the Caribbean has been estimated at almost 4 billion USD, including lost revenue and damage, informed the World Bank (WB).

According to a study of this international organization published on Monday, the figure includes 3.5 million USD of lost revenue as a consequence of the virus, 0.06 of Gross Domestic Product of the region, and 420 million USD as tax impact.

The World Bank stated that in a moderate scenario hypothesis, a group of highly tourism-dependent nations, particularly in the Caribbean, could suffer losses of more than one percent of its GDP, which would require additional support from the international community to stop the economic blow due to the virus.

It added the economic impact will be reassessed as arise more about the transmission and its consequences, or that the public perception of the risks increase significantly.

The World Bank President Jim Yong Kim, stated the analysis of the effects of the Zika virus points out the importance of taking urgent measures to curb its spread and protect the health and welfare of people in affected countries.

 

hr/ycf/to/crc

PL-59/MNA

 

News ID 114677

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