It was recently estimated that the COVID-19 pandemic could cost the world economy $26.8 trillion over the next 5 years. This was the consensus estimate, but the range was as high as $82 trillion. This is a monumental amount of money that is hard to wrap your head around. What is easier to see, however, is that this leaves a lot of room to spend money on prevention. If, for example, the world spends $100 billion a year on preventive measures, that would still cost much less than a similar pandemic once a century – and pandemics are more frequent than that.
Another study calculates how much it would cost to significantly reduce the transmission of viruses from wild animals to humans, which is a common source of recent pandemics including HIV, MERS, SARS-CoV-1, H1N1, and SARS-CoV-2. They found […]: