Ebola-Stricken West African Economies Are Crashing
by Tyler Durden
ZeroHedge.com
10/01/2014
We warned five weeks ago of the potential economic damage that the Ebola virus could do to West African economies, and now it appears The IMF, The World Bank, and the United Nations Food and Agricultural Organization have warned that Liberia and other West African economies, as WaPo reports, begun a frightening descent into economic hell. Fear that “that people would abandon the fields and factories, that food and fuel would become scarce and unaffordable, and that the government’s already meager capacity to help, along with the nation’s prospects for a better future, would be severely compromised” are no longer scenarios – they are real! Annual inflation rates have doubled, fuel sales are down 35%, Liberia’s productivity is down 50-75%, and “micro-trade” financing is “completely depleted.”
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