Navigation Links
Swine flu could wreak more havoc on US economy, says UAB economist
Date:9/23/2009

BIRMINGHAM, Ala. H1N1 influenza could slow growth in key industries and stall already-weak GDP growth in the third and fourth quarters of 2009, says a health economist in the University of Alabama at Birmingham (UAB) School of Business.

"Tourism and travel are vitally important sectors in the economy of many U.S. cities and communities," Bryce Sutton, Ph.D. "Depending upon the severity of the spread of the virus, consumers and businesses may respond by restricting travel and vacation plans, which would dampen an already weak recovery in these areas."

AAA estimates that as many as 60 million Americans annually travel 50 miles or more from home during the country's peak travel periods, which fall on the days that surround the Thanksgiving and Christmas holidays. Sutton says airlines, hotels and other service industries negatively impacted by recent trends of tightened consumer spending could face double jeopardy should H1N1 infections or simply fears of exposure keep would-be travelers at home.

Other business sectors could suffer, too, if sick workers and absences cut deeply into productivity and revenues, Sutton says.

"Although business managers have had time to prepare contingency plans, those that already have cut the numbers of employees in an effort to reduce costs during the downturn may be hardest hit," Sutton says. "In many cases, companies that already are working with the bare minimum staffs face further productivity challenges should large numbers of the remaining employees contract H1N1."

Sutton says more research is needed to measure the more precise impact of the H1N1 virus once the traditional U.S. flu season has passed. Until then, statements on the economic influence of the virus will reflect educated predictions based on the history of previous pandemics and their reported economic effects.

"The most recent case we have to study is the Asian SARS outbreak in the early 2000s, which negatively impacted a range of industries in Asia. The effects led to a regional loss of between 0.5 and 2 percent of GDP," Sutton says. "H1N1 impact predictions are based on examples like this one in which virus fears traditionally have had a negative influence on the economies of impacted regions.

"However, the H1N1 preparation has been much better when compared to the response of health agencies during the SARS outbreak and that could counter some potential negative impacts," he says.


'/>"/>

Contact: Andrew Hayenga
ahayenga@uab.edu
205-934-1676
University of Alabama at Birmingham
Source:Eurekalert

Related medicine news :

1. Could Swine Flu Panic Be Worse Than Outbreak Itself?
2. 1 Swine Flu Shot Enough for Older Kids
3. Travel Precautions Critical During Swine Flu Season
4. 1st Doses of Swine Flu Vaccine Set for Early October
5. Swine Flu Shots Safe for People With Weak Immune Systems: Experts
6. Swine Flu Loves a Crowd
7. FDA Approves 4 Swine Flu Vaccines
8. People With Swine Flu May Be Contagious Longer Than Thought
9. Small Businesses Urged to Prepare for Swine Flu
10. Swine Flu Trials Continue to Point to 1-Dose Vaccine
11. One Dose of Swine Flu Vaccine Offers Protection: Studies
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/23/2017)... ... ... The physicians of KSF Orthopaedic Center PA are proud to announce the ... located at 2255 E. Mossy Oaks Rd., Suite 440, Spring, Texas 77389 inside the ... living in the north Houston area (The Woodlands, Conroe, Magnolia, Kingwood, Humble) with an ...
(Date:3/23/2017)... Braunfels, TX (PRWEB) , ... March 23, 2017 , ... ... new clinic, located at 960 Gruene Road in Building 2. The clinic is the ... Dr. Andrew Bennett, PT, says opening the company’s second New Braunfels location brings things ...
(Date:3/23/2017)... ... 2017 , ... The IoT (Internet of Things) is revolutionizing the way the ... on businesses and individual consumers alike. Laboratories can maximize their profit margin by ... from $4 trillion to $11 trillion dollars by the year 2025. McKinsey expects the ...
(Date:3/23/2017)... NY (PRWEB) , ... March 23, 2017 , ... 82% of adults are unaware of ... kids do not brush their teeth the minimum two times a day that dentists recommend. ... students missing 51 million hours of school and adults missing 164 million hours of work ...
(Date:3/23/2017)... ... March 23, 2017 , ... March is National Kidney Month ... punch when it comes to maintaining good health. Every day, two kidneys filter about ... filter every drop of your blood, eliminating waste, regulating fluid levels and blood pressure, ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)... VANCOUVER , March 23, 2017 /PRNewswire/ - INVICTUS ... OTC: IVITF; FRA: 8IS) Invictus MD announces that AB ... crops in its licensed production facility under the Access ... Hamilton, Ontario . ... ACMPR in October 2016, is currently operating at half ...
(Date:3/23/2017)... New York , March 23, 2017 /PRNewswire/ ... market exhibits a consolidated vendor landscape with the top ... overall market in 2015. These companies are Stryker ... Inc., Hygia Health Services, Inc., and VANGUARD AG. ... reprocessed medical devices market is witnessing the prevalence ...
(Date:3/23/2017)... 2017 Piramal Pharma ... gibt die Ernennung von Stuart E. Needleman ... globalen Pharmazeutikkunden eine einmalige integrierte End-to-End-Serviceplattform an ... für das erfolgreiche Wachstum und die Umsetzung ... Herr Needleman dafür verantwortlich sein, alle globalen ...
Breaking Medicine Technology: