Ebola Crisis Will Cause West African Economies to Shrink
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Ebola’s economic devastation has worsened in West Africa, with the outbreak predicted to shrink gross domestic product next year in two of the three worst-hit countries, the World Bank said.
The bank cut its 2014 growth forecasts for Liberia, Sierra Leone and Guinea, and predicted only Liberia’s economy will expand next year as investors flee, construction projects are halted and agricultural production dips, according to an updated assessment of Ebola’s economic impact released today.