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Global Economic Impacts of Antimicrobial Resistance

SUMMARY

Australian National University | Crawford School of Public Policy June 2024

This groundbreaking study by Fernando and McKibbin employs sophisticated macroeconomic modeling to assess the global economic impacts of antimicrobial resistance (AMR) across G20 countries. Using six alternative scenarios, the researchers explore how AMR affects disease incidence, agricultural productivity, and government expenditure, while also considering the influence of demographic changes and climate risks. The findings reveal a significant global economic burden resulting from worsening AMR, underscoring the urgent need for a "one health" approach to managing this growing threat.

For clinicians, pharmacists, and laboratory professionals, this research provides compelling evidence of the far-reaching consequences of AMR beyond the healthcare sector, emphasizing the critical importance of antimicrobial stewardship (AMS) in preserving both public health and economic stability.

FEATURED EXPERTS

Roshen Fernando, Centre for Applied Macroeconomic Analysis, ANU; Australian Research Centre of Excellence in Population Ageing Research (CEPAR), Australia

Warwick McKibbin, Centre for Applied Macroeconomic Analysis, ANU; Australian Research Centre of Excellence in Population Ageing Research (CEPAR), Australia; The Peterson Institute for International Economics (PIIE); Centre for Economic Policy Research (CEPR), London, UK