Thursday, April 30, 2009

Swine Flu and the World Economy

As if investors didn't have enough to worry about we now have concerns about another flu pandemic - swine flu. This is causing concern in global markets following deaths in Mexico and its spread to various parts of the world.

Global sharemarkets have been nervous by concerns about its economic impact. And the impact on economic and financial markets of the world would be significant. Coming at a time when the global economy is already weakened, pandemic fears have already caused nervousness in sharemarkets making more weakness possible. BUT, following the experience with SARS and bird flu the world is now better prepared for a viral pandemic. The advice from some economists is to be alert, but not alarmed.

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