Ebola virus to cost up to $33 billion to Africa

Ron Klain will leave his newly created job on Mar. 1, 2015 after just 130 days. On Oct. 17, 2014, President Barack Obama appointed this political veteran as first US Ebola « Czar », namely national coordinator for US government’s response to the Ebola crisis. After a month with no outbreak in the US, the crisis has been contained enough to justify Klain’s early departure. In Africa, the situation has improved too – Nigeria and Senegal are now Ebola-free – but here come economic spillovers. West Africa especially Sierra Leone, Liberia and Guinea which are affected by the Ebola virus – would be on the verge of a quick recession. Sub-Saharan Africa’s economic growth’s forecast decreased by half a point according to the IMF and overall cost for West Africa could reach $33 billion in 2015 according to the World Bank. If the circumstances keep on improving, Africa as a whole will fully recover within a year, analysts said.