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ING 2/2: "What scared people about SARS is....>

CHINA
CHINA: ING 2/2: "What scared people about SARS is the mortality rate. In the UK
in 2019, three times more people died of flu than normal, but still, the total
was only 135 deaths from a total estimated infection of over 35 thousand (total
population 65 million). That is a mortality rate of less than 0.4%, and normally
it would be far lower. Put into context, your chances of contracting and dying
of SARS, were statistically far less than of dying of regular flu. But the
response of the population of countries where there was a perceived greater
risk, was huge. Presumably, the reasoning was, if I do get it, the odds aren't
great. People didn't take public transport, stayed away from work, stayed away
from shops, restaurants, cinemas, conferences etc. The impact from the disease
was massive on the economy, but almost all of it indirect, due to the
precautionary behaviour of the population. Cases of Wuhan flu have now risen to
more than 300, though researchers at Imperial College, London suspect that the
numbers may already be north of 1700. I'm no doctor, but I do think I understand
human nature well enough to realise the potential for another economic hit to
growth from this source."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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