WHO: Swine Flu Pandemic is imminent


This comes from Bloomberg. Unfortunately it is pretty scary stuff:

The World Health Organization said the first pandemic since 1968 is imminent after an outbreak of swine flu spread to eight nations and 11 U.S. states.

The WHO’s Director-General Margaret Chan raised the agency’s six-phase pandemic alert to 5 from 4, the second jump in three days, at a news conference in Geneva today. Level 5 means a pandemic, or a global outbreak of a new virus, is near.

“The biggest question right now is this: how severe will the pandemic be,” Chan said. World nations “should treat this as an opportunity to ramp up preparedness.”

WHO and other health authorities have begun developing a vaccine against the disease, linked to 159 deaths in Mexico and 1 in the U.S. More than 100 swine-flu cases have been confirmed in North America, Europe and the Pacific, and the virus will probably spread, Keiji Fukuda, WHO’s assistant director-general for health security and environment, said today in a conference call with reporters.

“We have been preparing all along as if this is going to stage 6,” Janet Napolitano, U.S. Homeland Security secretary, said at a news conference in Washington earlier today. “Our preparations are for a situation in which this does become a full-fledged pandemic.”

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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2 Comments

  1. avatar rb says:

    Amazing. But I am reassured by the fact that there is action being taken now while the numbers are still small.

  2. avatar Vangel says:

    I am sorry but how the hell does what we are witnessing resemble a real epidemic? You have one hundred people dying in a country that has pathetic health care services, suffers from the lack of clean water and is absolutely filthy and overcrowded. The simple fact that so few people died in a place as crowded as Mexico City shows that there is little to worry about from this strain. This is beginning to look a lot like the swine flu epidemic scare when I was in high school. At the time the vaccine killed more people than the flu did.