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Avian Flu Economics Expert Urges Vigilance In Monitoring Recent Outbreak
Date:2/18/2009

The recent reoccurrence of the avian flu in China, India and the Middle East should serve as a reminder that threats to the global economy can come from a variety of sources, cautions the leader of a task force that studied the avian flu threat and its potentially devastating impact on world financial markets.

Greensboro, North Carolina (PRWEB) February 18, 2009 -- The recent reoccurrence of the avian flu in China, India and the Middle East should serve as a reminder that threats to the global economy can come from a variety of sources, cautions the leader of a task force that studied the avian flu threat and its potentially devastating impact on world financial markets.

Though the four deaths and 10 cases of the avian flu - commonly known as "bird flu" - appear to be isolated, it is important to monitor the spread of such outbreaks and ensure their impact is factored into one's business and investment planning, says John Thomas, a Greensboro, N.C.-based economic adviser who analyzes wildcard events as part of their risk management planning.

"As yet, we see no reason for increased concern about a potential human pandemic impacting business activity or stock market holdings," says Thomas, vice president of Stearns Financial, a wealth management firm known for its scenario learning expertise. "But it is important to understand that a bird flu epidemic in the U.S. would substantially increase the risk of turning our currently severe recession into a prolonged depression, and businesses and investors need to have a well- thought-out game plan if this were to occur."

Thomas' firm formed an avian flu pandemic task force, which included business & community leaders, emergency first responders and avian flu experts. The group also utilized research from Homeland Security and the Center for Disease Control. Task force leaders determined that the
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