The economic consequences of the Ebola epidemic in sub-Saharan Africa, while still costly, may not be as bad as first thought, according to a World Bank official. In October, the World Bank predicted that the economic losses for countries worst hit by the virus - Liberia, Guinea and Sierra Leone - could reach $32 billion. In November, however, the World Bank's Francisco Ferreira said that because progress had been made in slowing down the virus' spread in Liberia and Guinea (the Ebola virus' spread continued to increase in Sierra Leone), that figure could be between $3 billion and $4 billion by the end of 2015. Ferreira is the World Bank's chief economist for Africa.
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