The document discusses the global impacts of the 2009 H1N1 swine flu pandemic. It describes how the virus spread rapidly around the world due to increased global travel and mobility. It then provides data on confirmed deaths from swine flu worldwide. Finally, it outlines some of the macroeconomic effects on the global economy, including falls in private spending, stock prices, and income for hog farmers, as well as impacts on business and tourism.
2. Description of Swine Flu
H1N1 is the official description of one form
of swine flu, so named because it made
the leap from pigs to people.
The World Health Organisation officially
confirmed Swine Flu has reached alert
level Phase 5, which means it is rapidly
spreading via person -to person contact.
3. How Did Swine Flu Become
Worldwide ?
We are a very mobile society, we have
many people traveling from place to place .
During travel, they are also in crowded
public places, whether in airports, on
buses or trains.
This gives many opportunities to have
person to person contact or contact with
items touched by many people .
Coughs and sneezes in public places.
4. How Did Swine Flu Become Worldwide ?
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That’s why when the epidemic first began
in Mexico and the infection spread among
the local residents and to visitors from
other places while in Mexico, and some of
these visitors were from around the world.
When people first got infected with the
swine flu, they may not have even known
they were sick yet but were still able to
spread the virus.
As they moved, they moved the virus with
them and the spread began.
5. Confirmed Deaths Around the
World
Area Confirmed
Deaths
Worldwide ( total ) 14,286
European Union and EFTA 2,290
Other European Countries and Central Asia 457
Mediterranean and Middle East 1,450
Africa 116
North America 3,642
Central America and Caribbean 237
South America 3,190
Northeast Asia and South Asia 2,294
Southeast Asia 393
Australia and Pacific 217
6. The Last Reports
According to the WHO and various news
reports, cases of H1N1 were reported as
recently as January 2012 in the United
States, Argentina, Australia, Brazil,
Cambodia, Cameroon, Chile, Costa Rica,
Czech Republic, Honduras, India, Iran,
Jamaica, Kenya, Mexico and Vietnam.
7. What are the Macroeconomic
Effects Towards Global
Economy?
8. Fall in Private Spending
Take Mexico for instance. Within this period
economic activities slowed down markedly.
People choose to stay at home to avoid
being infected. The impact into Mexican GDP
for the second quarter of 2009 was
detrimental.
Consumers from US, Israel, New Zealand &
many other large European economies had
given the same reaction since there were
suspected or confirmed cases there. The
combo effect of global recession & swine flu
reduced consumers’ optimism.
9. Falling Share Prices
The financial market was affected by lower
share prices and has increased the risk of
deflation.
Shares of airline global reduced. For
instance, British Airways shared prices fell
8%, Air France 7%, Cathay Pacific 8%,
Continental Airlines 16% etc..
10. Falling Income for Hog
Farmers
The meat and animal feed industries went
into a decline.
Some major hog farming industries in
Kansas, Texas, California & Mexico were
severely affected as China, South Korea &
Russia have placed an embargo towards
the import of pork from these areas.
11. Waste of Scarce Financial
Resources
President Obama asked the Congress for
$1.5 billion to fight against the disease.
Such huge amount of money perhaps
could be better of spent into helping
homeowners to cope with mortgage
repayments or spent onto other public
services like schools & hospitals
construction.
12. Impacts on Business and
Travel
UK travel brokers TUI Travel, Virgin
Holidays and Thomas Cook had cancelled
all of their flights and package holidays to
Mexico during the peak of the outbreak.
In Canada, particularly greater Toronto, the
outbreak sharply reduced tourism, and kept
even residents home rather than out
shopping. The city's economy lost about
$950 million.
13. Not All Share Prices Fall
While many people were suffering from
negative wealth effect, there were quite a
number of people who gained out of it.
For instance, share price of Swiss firm
Roche the manufacturer of anti-flu drug,
Tamiflu rose 3.5% while Glaxo Smith Kline
which manufactures Relenza gained 5.7%..
14. What About Global
Community ?
In Geneva, there was an
intergovernmental meeting held by WHO .
The World Health Organization reached
agreement on a pandemic influenza
preparedness (PIP) framework for the
sharing of influenza viruses and access to
vaccines and other benefits.