Mental health could cost the global economy up to $16 trillion between 2010 and 2030

According to an expert, mental health disorders are on the rise in every country in the world and could cost the global economy up to $16 trillion between 2010 and 2030 if a collective failure to respond is not addressed.
And according to the “Lancet Commission” report by 28 global specialists in psychiatry, public health and neuroscience, as well as mental health patients and advocacy groups, the growing crisis could cause lasting harm to people, communities and economies worldwide.
Though, some of the costs will be the direct costs of healthcare and medicines or other therapies, most are indirect - in the form of loss of productivity, and spending on social welfare, education and law and order, the report’s co-lead author Vikram Patel said.

“No other health condition in humankind has been neglected as much as mental health has,” Patel said.
The World Health Organization (WHO) also estimates that around 300 million people worldwide have depression and 50 million have dementia. Schizophrenia is estimated to affect 23 million people, and bipolar disorder around 60 million.
 - letgoonline.com.ng

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