Mexican Flu Poses New Challenges to World’s Economy

Phillippines, April 26, 2009 – Fears are on the rise that the Mexican Flu outbreak could jeopardize the already fragile global economy and reverse its initial recovery.

Mexico, which is at the epicenter of the deadly disease, has so far reported a total of 1,995 suspected cases and at least 149 suspected Mexican flu deaths. Its northern neighbor, the United States, reported 42 confirmed cases, including 28 at one New York City school.

Confirmed or suspected cases are also found in Canada, Scotland, New Zealand, Spain, France and Israel.

Tourism in North America is the first to feel the chill as people chose to stay at home and governments advise their citizens to avoid non-vital travels to the region.

Many airlines issued polices waiving usual penalties for changing reservations for anyone traveling to, from, or through Mexico, and travel agencies across Asia and Europe have cancelled tours to the country.

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