Here is a simple theory most of us can relate to these days: fear of a recession, feeds a recession. Now, let us modify this equation slightly: Fear of a Sars-like outbreak + fear of the current recession = more recession. Darn it, Mother Nature and the ghost of capitalism have teamed up to play a cruel joke; and no one’s laughing.
Fresh fears of a potential swine flu pandemic have put nations across the world on edge. Separate from the human toll, this disease seriously works to cripple any momentum towards economic recovery so desperately needed. On Monday, the Director General of the World Health Organization (WHO) raised the level of its influenza pandemic alert from phase 3 to Phase 4. Explaining the definition of the phase on its website:
Phase 4: is characterized by verified human-to-human transmission of an animal or human-animal influenza reassortant virus able to cause “community-level outbreaks.” The ability to cause sustained disease outbreaks in a community marks a significant upwards shift in the risk for a pandemic…[this phase] indicates a significant increase in risk of a pandemic but does not necessarily mean that a pandemic is a forgone conclusion.
READ MORE HERE: Via - TORONTO REAL ESTATE TRENDS.COM
No comments:
Post a Comment