Want to Add $20 Trillion to GDP? Empower Women

(Bloomberg) -- Empowering women to participate fully in the modern economy would light a fire under global growth. Bloomberg Economics has estimated the boost to output if women’s education and employment levels converge with that of men in the same country. Achieving that ambitious goal could add about $20 trillion to world GDP in 2050 relative to a baseline scenario of persistent gender inequality.

©2021 Bloomberg L.P.