Without Water, the Economy Dries Up

Water managers are on the front line of economic well-being. Creating jobs and growing local economies requires the right water solutions now.

Analysis conducted by the International Food Policy Research Institute (IFPRI) and Veolia demonstrates that unless more sustainable water resource management practices are adopted by companies and individuals, almost half the global economy and more than half the world's population will be exposed to severe water scarcity by 2050.

Key findings show that current water management practices will put at risk approximately $63 trillion of the 2050 projected global GDP, a number 1.5 times larger than the world's entire GDP. Further, half the world's population (approximately 4.8 billion people) will live in water-stressed areas by 2050.
In assessing the impact of water on economic growth, IFPRI and Veolia Water analyzed sustainable economic growth levels against today's water management efficiency. They also examined the extent that gains in efficiency and water productivity can sustain higher levels of growth.

It's sometimes hard to appreciate the importance of reliable water supplies to local businesses and the economy. But limited access to water creates business risk, impacting livelihoods and quality of life. In other words, impacting people. It's hoped that the results of this analysis will help point to a sustainable path for our society.

Interested in how water managers can help local economies? Email us and we'll gladly work to answer your questions.

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