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Biotech / Medical : GMED - GenoMed Inc.
GMED 56.14-2.4%Jun 30 4:00 PM EDT

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From: Tadsamillionaire9/20/2006 5:46:03 PM
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A severe bird flu pandemic among humans could cost the global economy up to $2 trillion, the World Bank said on Sunday, sharply raising earlier estimates.

The comments came as a senior World Health Organization official said the threat from the H5N1 avian flu virus was just as real today as it was six months ago, even if the headlines were not as scary.

Jim Adams, vice-president for East Asia and the Pacific and head of the Bank's avian flu taskforce, said a severe pandemic could cost more than three percent of the global economy's gross national product.

"We estimate this could cost certainly over $1 trillion and perhaps as high as $2 trillion in a worst-case scenario. So the threat, the economic threat, remains real and substantial," he told reporters at the annual IMF-World Bank meetings in Singapore.
timesofindia.indiatimes.com
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