Publication:
Update on the Economic Impact of the 2014 Ebola Epidemic on Liberia, Sierra Leone, and Guinea

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2014-12-02T18:09:41Z
dc.date.available2014-12-02T18:09:41Z
dc.date.issued2014-12-02
dc.description.abstractThe Ebola epidemic continues to cripple the economies of Liberia, Sierra Leone, and Guinea. The crisis is resulting in flat or negative income growth and creating large fiscal needs in all three countries, as they work to eradicate the virus. This update presents the World Bank s most recent analysis of the economic effects of the Ebola epidemic on the three countries. All three had been growing rapidly in recent years, and into the first half of 2014. But GDP growth estimates for 2014 have been revised sharply downward since pre-crisis estimates. Projected 2014 growth in Liberia is now 2.2 percent (versus 5.9 percent before the crisis and 2.5 percent in October). Projected 2014 growth in Sierra Leone is now 4.0 percent (versus 11.3 percent before the crisis and 8.0 percent in October). Projected 2014 growth in Guinea is now 0.5 percent (versus 4.5 percent before the crisis and 2.4 percent in October). The World Bank s October report on the economic impact of Ebola (report no. 91219 released at the 2014 Annual Meetings of the IMF and the World Bank) found that if the epidemic continues in the three worst-affected countries and spreads to neighboring countries, the two-year regional financial impact could range from a "low Ebola" estimate of $3.8 billion to a "high Ebola" estimate of $32.6 billion. These scale estimates of potential impact remain valid: the epidemic is not yet under control. Containment, combined with a full-fledged financial recovery effort to restart business activity and bring back investors, are now both therefore urgently needed for the region to improve on the downbeat forecasts in this update.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/20454884/update-economic-impact-2014-ebola-epidemic-liberia-sierra-leone-guinea
dc.identifier.doi10.1596/20599
dc.identifier.urihttps://hdl.handle.net/10986/20599
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectAIR
dc.subjectCENTRAL BANK
dc.subjectCOMMODITIES
dc.subjectCURRENCY
dc.subjectDEVELOPMENT BANK
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEMERGENCY RESPONSE
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFUEL
dc.subjectFUTURE GROWTH
dc.subjectGDP
dc.subjectGOVERNMENT BORROWING
dc.subjectGROWTH PROJECTIONS
dc.subjectIMPORT COSTS
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINCOMES
dc.subjectINFLATION
dc.subjectINSPECTION
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRAVEL
dc.subjectLEADING INDICATORS
dc.subjectMARKET ACCESS
dc.subjectMOBILITY
dc.subjectOUTPUT
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SPENDING
dc.subjectREGIONAL TRADE
dc.subjectREGULATORY AGENCY
dc.subjectRETURN
dc.subjectROAD
dc.subjectSTOCK EXCHANGE
dc.subjectTAX
dc.subjectTAX COMPLIANCE
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTOLL
dc.subjectTRADING
dc.subjectTRANSPORT
dc.subjectTRANSPORT COSTS
dc.subjectWHOLESALE MARKETS
dc.subjectEbola
dc.subjectepidemic
dc.titleUpdate on the Economic Impact of the 2014 Ebola Epidemic on Liberia, Sierra Leone, and Guineaen
dspace.entity.typePublication
okr.date.disclosure2014-12-02
okr.date.doiregistration2025-05-05T12:38:37.458800Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/12/20454884/update-economic-impact-2014-ebola-epidemic-liberia-sierra-leone-guinea
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid577631468167373122
okr.identifier.externaldocumentum000456286_20141201172257
okr.identifier.internaldocumentum20454884
okr.identifier.report92860
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/01/000456286_20141201172257/Rendered/PDF/928600WP0REVIS0til0Dec2201400OUO90.pdfen
okr.region.administrativeAfrica
okr.region.countryGuinea
okr.region.countryLiberia
okr.region.countrySierra Leone
okr.region.geographicalWest Africa
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/20218
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/20592
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/21303
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/20396
okr.topicBanks and Banking Reform
okr.topicTransport Economics Policy and Planning
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicTransport
okr.topicMacroeconomics and Economic Growth
okr.unitMacro & Fiscal Mgmt - GP (GMFDR)
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