Lloyd's
Economic Impact of Future Infectious Disease Pandemics
Pages
3
Time to read
5 mins
Publication
Language
English
Pages
3
Time to read
5 mins
Publication
Language
English
This technical report outlines the potential economic impacts of future infectious disease pandemics on global businesses and economies. It begins by detailing the progression of a hypothetical human pandemic scenario, illustrating the spread of an infectious disease from initial detection to widespread lockdowns and economic recession. The report categorizes potential pandemic severity into three levels: localized epidemics, severe infectious pandemics, and deadly pandemics, each with distinct characteristics and historical references. It estimates that the global economic impact could reach $13.6 trillion over five years, with an expected loss of $396 billion. The report identifies sectors at risk, including hospitality, retail, food, investments, and healthcare, and emphasizes the importance of businesses preparing comprehensive emergency continuity plans. It suggests that effective communication and contingency planning are essential for mitigating the impacts of future outbreaks, ensuring resilience in operations and employee trust.