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labour loss

Smoking costs $1.4 trillion in health care, labour loss: study

PARIS: Smoking cost the world economy more than $1.4 trillion (1.3 trillion euros) in 2012, and sucked up a twentieth of health care spending, a study said Tuesday. The killer habit consumed the equivalent of nearly two percent of global economic output or GDP, according to experts from the World Health Organization (WHO) and the American Cancer Society, with almost 40 percent of the burden falling on developing countries. These included a $422 billion price tag for treatment and hospitalisation, as well as indirect…