The Threat of Ebola

Posted: June 27, 2015 in Business, Media
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Not only have tens of thousands of people been infected with the disease, Ebola, but thousands have lost their lives. This terrible disease has wreaked havoc in Western Africa. The loss of life wasn’t the only thing this deadly disease is taking. It is also causing the local economies to suffer. With bans on international flights, and a general weariness of travelers to enter into areas that are close to the Ebola hotspots, the local economies are beginning to be affected. When the deadly Ebola virus took root in Western Africa, no one could have predicted the outcome.

Local economies are also looking at losing hundreds of millions of dollars in lost revenue from local entertainment events that have either been moved out of the region or canceled altogether. With this epidemic moving free from geographical limitations, there is a sense of a common predicament amongst the larger global community as a whole. Most West Africans have become aware of the economic consequences that have come from being at the center of the global health disaster.

In Liberia and Sierra Leone, the hardest hit countries, there is an impending food crisis since a majority of the countries farmers have abandoned their farms and the revenue from the food production at these farms has essentially ceased. The Famine Early Warning Systems has also warned, “that the spread of the virus would lead to food insecurities within the region,” sending the local economies into crisis. As a financial reporter, Senol Taskin has focused his career of 20 plus years on the economy of Africa, watching the crisis unfold.

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