This document discusses a study on the "fearonomic effects" of the Ebola outbreak in Nigeria on the private sector. The study used interviews and a survey to examine the direct and indirect economic impacts of the outbreak. Key findings include:
- Misinformation and fear-induced behavior during the outbreak led to health service outages, reduced healthcare usage, and changes in consumption patterns.
- While certain sectors like health, aviation, and hospitality were more directly affected, no business was immune to the impacts of fear about Ebola.
- Even sectors expected to benefit, like pharmaceuticals, suffered due to demand shocks and changed consumption behaviors.
- Outbreaks can trigger short-term economic impacts through