Article: Epidemics and economics; Economics focus.(The economic consequences of disease)(Severe Acute Respiratory Syndrome)

Measuring the economic effects of disease is anything but straightforward

WHEN economic crisis hit one Asian country after another in 1997, it was soon dubbed "Asian flu". No wonder: the financial trouble spread like a virus, ravaging the weak and bringing IMF experts running to prescribe treatment. Yet economics and epidemics are linked by more than mere analogy. An illness first detected in China, Severe Acute Respiratory Syndrome (SARS), is causing analysts to cut growth forecasts for Asian economies. Joan Zheng of J.P. Morgan in Hong Kong predicts that the local economy will shrink in the first half of 2003, and grow by only 1.6% in the year. Before SARS, she ...

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