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West African Economies Hard-Hit by Ebola 埃博拉重创西非经济
In 2013, the World Bank ranked Sierra Leone and Liberia as second and sixth respectively among the top 10 countries with the fastest-growing GDPs. But the ongoing1 Ebola outbreak is threatening to change that. As the numbers of cases and deaths continue to rise, financial institutions like the World Bank say the economies of the three most affected2 countries, Guinea, Liberia and Sierra Leone, are being hit hard - and the impact could grow if the Ebola epidemic3 is not quickly contained.
The death toll4 from Ebola in Liberia, Guinea and Sierra Leone is approaching 4,000. If the epidemic continues, the World Bank says the impact on the countries' economies could be disastrous5.
At a gathering6 in Washington, the presidents of those three countries pleaded with global development leaders for help. Sierra Leone’s Ernest Bai Koroma and Liberia’s Ellen Johnson Sirleaf joined the conversation via video conference.
“Ebola is now causing great destruction to agricultural, mining, manufacturing, construction, tourism, transportation and posing a significant threat to human development, state security and poverty reduction. Government revenues are drying out," said Koroma.
“Restrictions imposed on air and sea travel resulted in increased cost of travel and increase commodity prices affecting the poor," said Sirleaf.
World Bank President Jim Yong Kim says growth projections7 for 2014 have already been cut significantly and will be cut again next year if this disease is not contained.
“As much as $32.6 billion could be lost by the end of 2015. This is a potentially catastrophic impact," said Kim.
David Evans, a World Bank senior economist8, says the countries have already been hit with serious losses.
“Across the three countries, we are seeing more than $350 million of lost output. What that means is that Sierra Leone, Liberia and Guinea will be more than $350 million poorer than they would have been in the absence of this disease," said Evans.
Take West Africa's flight industry, for example.
“What we’ve seen is that through August we’ve had more than 30 flights per week going in and out of Sierra Leone; that has dropped to six in September. We see fuel sales and other leading indicators9 [like] cement sales are dropping significant percentage points, so people are just afraid to invest," said Evans.
Amadou Sy, a senior fellow at the Brookings Institution, says the consequences go beyond what’s happening right now.
“On the [one] hand, all your revenues are going down because of the reduced economic activity and on the other hand you have these health expenditures10, security, so you are having a fiscal11 deficit12 that’s going to be much bigger than you expected," said Sy.
Guinea's President Alpha Conde, who was at the meeting in person, confirmed that view, saying his country and others are going to need "budgetary support" to fund the fight against Ebola.
1 ongoing | |
adj.进行中的,前进的 | |
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2 affected | |
adj.不自然的,假装的 | |
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3 epidemic | |
n.流行病;盛行;adj.流行性的,流传极广的 | |
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4 toll | |
n.过路(桥)费;损失,伤亡人数;v.敲(钟) | |
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5 disastrous | |
adj.灾难性的,造成灾害的;极坏的,很糟的 | |
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6 gathering | |
n.集会,聚会,聚集 | |
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7 projections | |
预测( projection的名词复数 ); 投影; 投掷; 突起物 | |
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8 economist | |
n.经济学家,经济专家,节俭的人 | |
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9 indicators | |
(仪器上显示温度、压力、耗油量等的)指针( indicator的名词复数 ); 指示物; (车辆上的)转弯指示灯; 指示信号 | |
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10 expenditures | |
n.花费( expenditure的名词复数 );使用;(尤指金钱的)支出额;(精力、时间、材料等的)耗费 | |
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11 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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12 deficit | |
n.亏空,亏损;赤字,逆差 | |
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