Experts say long COVID-19 could cost U.S. economy trillions: report
Xinhua
01 Oct 2022, 08:48 GMT+10
NEW YORK, Sept. 30 (Xinhua) -- Experts predict that long COVID-19 is likely to cost the U.S. economy trillions of dollars and will almost certainly affect multiple industries, U.S. website WebMD reported this week.
"The total economic loss could be as high as 3.7 trillion dollars," the website said, citing David Cutler, an economics professor at Harvard University.
According to the Centers for Disease Control and Prevention, 4 million working-age Americans are too sick with long COVID-19 to perform their jobs, said Katie Bach, a senior fellow with the Brookings Institution and the author of a study looking into long COVID-19's impact on the labor market.
"That works out to as much as 230 billion dollars in lost wages, or almost 1 percent of the U.S. GDP (gross domestic product)," said the website.
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationCDC: US records 1,288 measles cases, most since 1992 outbreak
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
Gaza War sucking life out of an Israeli generation
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
Faulty IT system at heart of UK Post Office scandal, says report
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
Travelers can now keep shoes on at TSA checkpoints
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
Rubio impersonator used AI to reach officials via Signal: cable
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
Warsaw responds to migration pressure with new border controls
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
Rubio impersonator used AI to reach officials via Signal: cable
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
MLB roundup: Yanks bomb Cubs on Cody Bellinger's 3 HRs
(Photo credit: Wendell Cruz-Imagn Images) Cody Bellinger hit three homers for the first time in his career and drove in six runs,...
Tigers' All-Star Casey Mize hunts 10th win vs. Mariners
(Photo credit: Ken Blaze-Imagn Images) Casey Mize got some big news before his final start prior to the All-Star break. The Detroit...
Cal Raleigh smacks two more HRs, Mariners beat Tigers
(Photo credit: Lon Horwedel-Imagn Images) Cal Raleigh blasted his major league-leading 37th and 38th home runs, including a grand...
Valkyries to put 'disruptive' defense up against Aces
(Photo credit: Trevor Ruszkowski-Imagn Images) The Golden State Valkyries cap off their four-game road trip at the Las Vegas Aces...
Yankees LHP Carlos Rodon among additions to AL All-Star team
(Photo credit: Brad Penner-Imagn Images) New York Yankees left-hander Carlos Rodon was named to the American League All-Star team...
