Eurasia's depression worsened by H1N1

SOUTH KOREA RIOT

“A DEADLY plague could sweep across Europe, doctors fear, after an outbreak of a virus in Ukraine plunged the country and its neighbours into a state of panic.”

Flu may become major drag on growth
By Kim Yoon-mi Korea Herald November 15 2009

The spread of the H1N1 flu is likely to dampen Korea’s chances of achieving positive economic growth this year, government officials said yesterday.

Officials at the Ministry of Strategy and Finance and the Bank of Korea said that if the flu spread intensifies through the end of the year, it may push down the year’s GDP growth rate by 0.1-0.3 percentage point.

“In the worst case scenario, the flu scare might shed the growth rate by 0.1 to 0.3 percentage point. It will damage consumption and the service industry hard,” a Finance Ministry official was quoted by Yonhap News as saying.

BOK officials said on Thursday that a continued spread of the H1N1 flu is likely to cut the GDP growth rate by 0.2-0.3 percentage point.

BOK Governor Lee Seong-tae warned that a fast spread of the flu could have a “significant impact” on the economy, adding that erosion of the growth rate by more than 0.1 percentage point will “not be something I can ignore.”

MILLION HIT BY ‘PLAGUE WORSE THAN SWINE FLU’
Daily Express Sunday November 15, 2009 By Greg Miskiw

A DEADLY plague could sweep across Europe, doctors fear, after an outbreak of a virus in Ukraine plunged the country and its neighbours into a state of panic.

A cocktail of three flu viruses are reported to have mutated into a single pneumonic plague, which it is believed may be far more dangerous than swine flu. The death toll has reached 189 and more than 1 million people have been infected, most of them in the nine regions of Western Ukraine.

President of Ukraine Viktor Yushchenko has called in the World Health Organisation and a team of nine specialists are carrying out tests in Kiev and Lviv to identify the virus. Samples have been sent to London for analysis.


Ukraine PM accuses Yushchenko over H1N1 swine flu

By Richard Balmforth

KIEV, Nov 11 (Reuters) – Ukraine’s president and prime minister hurled angry accusations at each other on Wednesday over ways of fighting an influenza epidemic, now a major factor in campaigning for a January election in which they are rivals.

A total of 189 people have died in the outbreak, the health ministry said, and Prime Minister Yulia Tymoshenko has cancelled political rallies and ordered schools shut to try to curb it.

The toll included 17 deaths from the H1N1 flu, First Deputy Health Minister Vasily Lazorishinets told journalists.

The health scare has caused panic across Ukraine and has become, like other hot issues such as contacts with the International Monetary Fund, a political football between President Viktor Yushchenko and Tymoshenko, both contenders in the Jan. 17 poll for president.

[Excerpt]

The outbreak of respiratory illness began in western Ukraine but is now spreading east, with cases appearing near the Russian border and in the south in Crimea.

On the streets of the capital, Kiev, many people are wearing face-masks. People are being turned away from some embassies and other public buildings if they are not wearing masks.

The World Health Organisation says it is assuming most cases of influenza in Ukraine had been caused by the H1N1 virus. WHO says the outbreak may indicate how the virus will develop in the northern hemisphere winter.

You can read this story on Reuters News

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