Author: Bambery, Zoe; Cassell, Cynthia H.; Bunnell, Rebecca E.; Roy, Kakoli; Ahmed, Zara; Payne, Rebecca L.; Meltzer, Martin I.
Title: Impact of a Hypothetical Infectious Disease Outbreak on US Exports and Export-Based Jobs Document date: 2018_2_1
ID: 70ow52mo_1
Snippet: We cannot consider West Africa's Ebola epidemic an unlikely-to-be-repeated event. The risk of pandemic events is a constant, if not increasing, threat. 1 Illustrating the economic risks associated with pandemics, the Commission on a Global Health Risk Framework for the Future determined that a conservatively low estimate of the annual economic costs of a global pandemic comparable to that of the 20th century influenza pandemics (ie, 1918 1 Such r.....
Document: We cannot consider West Africa's Ebola epidemic an unlikely-to-be-repeated event. The risk of pandemic events is a constant, if not increasing, threat. 1 Illustrating the economic risks associated with pandemics, the Commission on a Global Health Risk Framework for the Future determined that a conservatively low estimate of the annual economic costs of a global pandemic comparable to that of the 20th century influenza pandemics (ie, 1918 1 Such reductions in economic activity are likely to reduce the demand for imported goods and services in the affected countries. Thus, the economic problems triggered by a large-scale outbreak in 1 country can have adverse impacts on the export economies of other countries. 1 In 2015, the estimated value of all US exports was approximately $2.2 trillion, representing 13% of US gross domestic product (GDP). These exports supported approximately 11.5 million US jobs, or 8% of all US employment. [4] [5] [6] Consequently, even if an outbreak of an infectious disease does not reach the United States, an outbreak in a foreign country or region could cause a disruption in the US export economy worth several hundred million dollars and jeopardize tens of thousands of US export-related jobs.
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