A new report from the IMF, ‘The Global Economic and Financial Impact of an Avian Flu Pandemic and the Role of the IMF,’ was released yesterday. A snapshot:
Once the pandemic has run its course, economic activity should recover relatively quickly…While it is most likely that a pandemic will be followed by a rapid recovery, resulting in limited overall economic effects, it is possible that a severe pandemic will have a more disruptive impact… A severe pandemic may also lead to a significant but temporary reduction in net capital flows to emerging markets… Aside from sharp changes in asset prices, operational risks constitute the greatest challenge to the global financial system in the event of a severe pandemic.
See a related conference call. Nesbitt Burns also released yesterday their economic update of a potential pandemic outbreak.
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