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International

Ebola cost to Sub-Saharan Africa's economy could reach $4 billion: Economist

November 20, 2014 Reprints

Francisco Ferreira, chief economist for Africa at the World Bank, has said that the effects of Ebola on Sub-Saharan Africa's economy is expected to be about $3 billion to $4 billion, reported Reuters.

The cost is much less than the previous estimated worst-case scenario of $32 billion, said Mr. Ferreira. The estimate was reduced "because of the success of containment in some countries," said Mr. Ferreira. The epidemic has had a severe effect on food security and work in Guinea, Sierra Leone and Liberia, said the World Bank.

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Ebola cost to Sub-Saharan Africa's economy could reach $4 billion: Economist

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