SARS: Economic Impacts and Implications
Publication | May 2003
This brief assesses the economic impact of SARS in a number of East and Southeast Asian economies and explores short-term economic impact of SARS as well as channels through which the Impact of SARS is felt.
The recent outbreak of severe acute respiratory syndrome (SARS) has threatened short-term growth prospects in Asia. As of 5 May 2003, SARS has infected more than 6,500 people worldwide, and caused mounting concern. A number of East and Southeast Asian economies, including the People's Republic of China; Hong Kong, China; Singapore; Taipei,China; and Viet Nam have been put under considerable strain. The epidemic has also affected other economies, although to a lesser extent.
Contents
- Introduction
- Short-term Economic Impact of SARS
- Channels through which the Impact of SARS is Felt
- The Impact of SARS - Macroeconomic Simulations
- Why has the Impact of SARS been so Pronounced?
- How should Governments Respond to SARS and Similar Situations?
- Provision and Acquisition of Accurate Information
- Containing the Disease
- Government Budget
- Beyond SARS - Developing Long-term Strategies and Capacities to Deal with Contagious Diseases
- Conclusions
- References
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