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Bird Flu: Economic Impact
The global economy may be just a few headlines away from its next major recession. This is not because of American consumers, or Asian exporters, or ﬁnancial markets – it would hinge instead on evidence of a rapid rise in ﬂu victims linked to a mutated form of avian ﬂu. And the economy would not wait to see how this developed – global consumers would head for safety fast, cutting tourism and travel more or less overnight.