Bird Flu: Key Implications

While bird flu, as yet, is not a pandemic, it is worth examining the potential financial costs associated with such an eventuality. Even in the absence of proven human-to-human transmission of the disease, the uncertainty surrounding bird flu - in the shadow of the ineffective response by Asian governments to the 2003 SARS outbreak - could devastate regional economic growth and financial markets. Although bird flu pandemic remains a speculative threat, experts and governments alike have envisaged a catastrophic scenario, wherein the virus mutates and expands in Asia

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