Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea
A year after the onset of Ebola, the estimated GDP losses for the three countries through 2015 total US$2.2 billion (US$240 million for Liberia, US$535 million for Guinea and US$1.4 billion for Sierra Leone). This is the result of the severe impact...
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/04/24377008/update-economic-impact-2014-2015-ebola-epidemic-liberia-sierra-leone-guinea http://hdl.handle.net/10986/21965 |
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okr-10986-219652021-04-23T14:04:05Z Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea World Bank Group ACCESSIBILITY ADVERSE IMPACT AGRICULTURE AIR AIR TRANSPORT AIRWAYS AUCTION AUCTIONS BANK POLICY BANK PROFITABILITY BANKING SECTOR CAPITAL FLIGHT CENTRAL BANK COMMERCE COMMERCIAL BANKS COMMERCIAL TRANSPORT COMMODITY PRICES CONSUMER PRICES CORPORATE GOVERNANCE CURRENCY DEFAULTS DIESEL DOMESTIC BORROWING EBOLA ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EMPLOYMENT EQUIPMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS FISCAL DEFICIT FISCAL DEFICITS FIXED INVESTMENT FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENTS FOREIGN INVESTORS FREIGHT FUEL FUEL PRICES GASOLINE GDP GLOBAL MARKETS GOVERNANCE ISSUES GOVERNMENT CAPACITY GOVERNMENT POLICY GOVERNMENT SPENDING GROWTH PROJECTIONS GROWTH RATE HUMAN RESOURCES INFLATION INFLATION RATE INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INTEREST EXPENDITURE INTERNATIONAL RESERVES INVESTMENT ACTIVITY INVESTMENT FLOWS LEADING INDICATORS LIQUIDITY LOCAL CURRENCY MOBILITY MONETARY FUND MONETARY POLICY MULTIPLIER EFFECTS NON-PERFORMING LOANS OIL PRICE OIL PRICES OPERATING LOSSES PORTFOLIO PREFECTURES PRODUCTIVITY PUBLIC INVESTMENT RAILWAY RAILWAY LINE REAL GDP REAL INTEREST REAL INTEREST RATES RESERVES RETURN REVENUE MOBILIZATION ROAD ROADS SALES SANITATION SURPLUS TAX COMPLIANCE TAX REVENUE TAX REVENUES TOTAL REVENUE TRADING TRAFFIC TRANSPORT COSTS TRANSPORT SECTOR TREASURY VOLATILITY WAGES A year after the onset of Ebola, the estimated GDP losses for the three countries through 2015 total US$2.2 billion (US$240 million for Liberia, US$535 million for Guinea and US$1.4 billion for Sierra Leone). This is the result of the severe impact of the epidemic which has been exacerbated by the large decline in the world price of iron ore and severe corporate governance issues in mining in Sierra Leone. Important differences among the three countries are emerging. Liberia is gradually returning to normalcy, Guineas economy is stagnating, and Sierra Leone is suffering a severe recession. This update presents the World Banks most recent analysis of the economic and fiscal effects of the Ebola epidemic on the three countries. In relation to our January 2015 report it contains: 1) an updated status for the economies of Liberia, Guinea, and Sierra Leone; and 2) a brief description of these countries Economic Recovery Plans with indicative estimates of their potential impact on growth. As of April 2015, the Ebola epidemic has been largely contained but the negative effects on the economies of Liberia, Guinea and Sierra Leone loom large amidst continued uncertainty about the timing of complete eradication. The crisis continues to adversely affect these economies, so pace of recovery in these countries will depend heavily on adequate financing and effective implementation of the recovery plans. Ultimately, Liberia, Guinea and Sierra Leone will need the strong support from the development community over the next years to both make up for the losses incurred during the Ebola crisis and make these economies less vulnerable for the future. 2015-05-21T16:50:27Z 2015-05-21T16:50:27Z 2014-04-15 Report http://documents.worldbank.org/curated/en/2014/04/24377008/update-economic-impact-2014-2015-ebola-epidemic-liberia-sierra-leone-guinea http://hdl.handle.net/10986/21965 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Africa Guinea Liberia Sierra Leone |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESSIBILITY ADVERSE IMPACT AGRICULTURE AIR AIR TRANSPORT AIRWAYS AUCTION AUCTIONS BANK POLICY BANK PROFITABILITY BANKING SECTOR CAPITAL FLIGHT CENTRAL BANK COMMERCE COMMERCIAL BANKS COMMERCIAL TRANSPORT COMMODITY PRICES CONSUMER PRICES CORPORATE GOVERNANCE CURRENCY DEFAULTS DIESEL DOMESTIC BORROWING EBOLA ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EMPLOYMENT EQUIPMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS FISCAL DEFICIT FISCAL DEFICITS FIXED INVESTMENT FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENTS FOREIGN INVESTORS FREIGHT FUEL FUEL PRICES GASOLINE GDP GLOBAL MARKETS GOVERNANCE ISSUES GOVERNMENT CAPACITY GOVERNMENT POLICY GOVERNMENT SPENDING GROWTH PROJECTIONS GROWTH RATE HUMAN RESOURCES INFLATION INFLATION RATE INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INTEREST EXPENDITURE INTERNATIONAL RESERVES INVESTMENT ACTIVITY INVESTMENT FLOWS LEADING INDICATORS LIQUIDITY LOCAL CURRENCY MOBILITY MONETARY FUND MONETARY POLICY MULTIPLIER EFFECTS NON-PERFORMING LOANS OIL PRICE OIL PRICES OPERATING LOSSES PORTFOLIO PREFECTURES PRODUCTIVITY PUBLIC INVESTMENT RAILWAY RAILWAY LINE REAL GDP REAL INTEREST REAL INTEREST RATES RESERVES RETURN REVENUE MOBILIZATION ROAD ROADS SALES SANITATION SURPLUS TAX COMPLIANCE TAX REVENUE TAX REVENUES TOTAL REVENUE TRADING TRAFFIC TRANSPORT COSTS TRANSPORT SECTOR TREASURY VOLATILITY WAGES |
| spellingShingle |
ACCESSIBILITY ADVERSE IMPACT AGRICULTURE AIR AIR TRANSPORT AIRWAYS AUCTION AUCTIONS BANK POLICY BANK PROFITABILITY BANKING SECTOR CAPITAL FLIGHT CENTRAL BANK COMMERCE COMMERCIAL BANKS COMMERCIAL TRANSPORT COMMODITY PRICES CONSUMER PRICES CORPORATE GOVERNANCE CURRENCY DEFAULTS DIESEL DOMESTIC BORROWING EBOLA ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EMPLOYMENT EQUIPMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS FISCAL DEFICIT FISCAL DEFICITS FIXED INVESTMENT FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENTS FOREIGN INVESTORS FREIGHT FUEL FUEL PRICES GASOLINE GDP GLOBAL MARKETS GOVERNANCE ISSUES GOVERNMENT CAPACITY GOVERNMENT POLICY GOVERNMENT SPENDING GROWTH PROJECTIONS GROWTH RATE HUMAN RESOURCES INFLATION INFLATION RATE INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INTEREST EXPENDITURE INTERNATIONAL RESERVES INVESTMENT ACTIVITY INVESTMENT FLOWS LEADING INDICATORS LIQUIDITY LOCAL CURRENCY MOBILITY MONETARY FUND MONETARY POLICY MULTIPLIER EFFECTS NON-PERFORMING LOANS OIL PRICE OIL PRICES OPERATING LOSSES PORTFOLIO PREFECTURES PRODUCTIVITY PUBLIC INVESTMENT RAILWAY RAILWAY LINE REAL GDP REAL INTEREST REAL INTEREST RATES RESERVES RETURN REVENUE MOBILIZATION ROAD ROADS SALES SANITATION SURPLUS TAX COMPLIANCE TAX REVENUE TAX REVENUES TOTAL REVENUE TRADING TRAFFIC TRANSPORT COSTS TRANSPORT SECTOR TREASURY VOLATILITY WAGES World Bank Group Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea |
| geographic_facet |
Africa Guinea Liberia Sierra Leone |
| description |
A year after the onset of Ebola, the
estimated GDP losses for the three countries through 2015
total US$2.2 billion (US$240 million for Liberia, US$535
million for Guinea and US$1.4 billion for Sierra Leone).
This is the result of the severe impact of the epidemic
which has been exacerbated by the large decline in the world
price of iron ore and severe corporate governance issues in
mining in Sierra Leone. Important differences among the
three countries are emerging. Liberia is gradually returning
to normalcy, Guineas economy is stagnating, and Sierra Leone
is suffering a severe recession. This update presents the
World Banks most recent analysis of the economic and fiscal
effects of the Ebola epidemic on the three countries. In
relation to our January 2015 report it contains: 1) an
updated status for the economies of Liberia, Guinea, and
Sierra Leone; and 2) a brief description of these countries
Economic Recovery Plans with indicative estimates of their
potential impact on growth. As of April 2015, the Ebola
epidemic has been largely contained but the negative effects
on the economies of Liberia, Guinea and Sierra Leone loom
large amidst continued uncertainty about the timing of
complete eradication. The crisis continues to adversely
affect these economies, so pace of recovery in these
countries will depend heavily on adequate financing and
effective implementation of the recovery plans. Ultimately,
Liberia, Guinea and Sierra Leone will need the strong
support from the development community over the next years
to both make up for the losses incurred during the Ebola
crisis and make these economies less vulnerable for the future. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea |
| title_short |
Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea |
| title_full |
Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea |
| title_fullStr |
Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea |
| title_full_unstemmed |
Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea |
| title_sort |
update on the economic impact of the 2014-2015 ebola epidemic on liberia, sierra leone, and guinea |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/04/24377008/update-economic-impact-2014-2015-ebola-epidemic-liberia-sierra-leone-guinea http://hdl.handle.net/10986/21965 |
| _version_ |
1764449525957656576 |