AKA The Dragon
Swine flu sweeping world, says WHO
18 July 2009 | 05:51:09 AM | Source: AAP
The World Health Organisation says swine flu has swept the globe at "unprecedented speed", and a study warns that the pandemic could tip the world into deflation and delay the economic recovery.
"In past pandemics, influenza viruses have needed more than six months to spread as widely as the new H1N1 virus has spread in less than six weeks."
In Britain, a study by Oxford Economics - a forecasting consultancy whose clients include multinational corporations and government - said recovery could be delayed by a couple of years due to the swine flu pandemic.
"Although so far the social and economic impacts have been very small, if infection rates were to rise much further, significant costs could be expected," it said.
Comparing the outbreak to the 2003 SARS crisis, it said that outbreak had occurred at a time of strong economic growth. Both consumption and growth had returned as soon as the epidemic was considered under control.