Experts in the field of finance now have a grasp on the damage expected to be caused by the SARS virus. Despite killing 800 people worldwide, the effect of the virus is still being felt; evidentally by businesses both large and small; seemingly glad to cite such things as reasons for poor performance.
Financial Forecasters have predicted that SARS could damage the Australian economy by up to 1 Billion Dollars. While it seems like a large amount of money, in relative terms, this is 0.13% of Australia's GDP, based on all the latest financial figures.
And somehow it would seem as though any loss or miserable performance will be gladly blamed on this frightful buzzword more often than necessary.
Written on Friday, 11 July 2003