The $2 Trillion Pandemic?

Economies around the world are already heading towards a recession. A global bird flu pandemic will provide the final push to trigger a new 'Great Depression'.

From Reuters :

Governments around the world need to do more to prepare for the dramatic economic impact of the next flu pandemic, the United Nations influenza coordinator said on Thursday.

David Nabarro said his team had recently collected information from nearly 150 countries to see how prepared they were for a pandemic and the picture was mixed.

"Most countries have now focused on pandemic as a potential cause of catastrophe and have done some planning. But the quality of the plans is patchy and too few of them pay attention to economic and social consequences," he told BBC radio.

"The economic consequences could be up to $2 trillion -- up to 5 percent of global GDP removed," he said, reiterating previous World Bank and UN estimates.