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Image header Agence Europe
Europe Daily Bulletin No. 11417
Contents Publication in full By article 37 / 38
BUSINESS NEWS NO 164 / (ae) society

Equaliy between men and women would lead to a substantial rise in global GDP. - A study by consultants McKinsey Global Institute entitled Women in the Workplace says that an effective fight against sexual inequality would substantially boost global GDP. Intervention on ten levers, ranging from violence against women to access to paid work and management positions, via education, legal protection and political representation, would improve conditions for the 75% of women affected by inequality, and increase global GDP by almost USD 12 trillion by 2025 (+11%) under the most realistic scenario, whereby all the countries in a region catch up with the highest performing country in terms of equality between men and women. The consultancy goes as far as calculating a 26% growth (USD 28 trillion) in GDP if gender equality were achieved everywhere on the planet, but says this is a utopian target. Today, even though more women than men graduate from higher education, there are 655 million fewer women than men in the workplace and they only account for 37% of global GDP. In the study, McKinsey weighed up 15 equality indicators in 95 countries representing 93% of the world's population and 90% of its GDP, and also drew up a global equality indicator. Forty countries have high or very high levels of inequality, particularly in India, South-East Asia, the Middle East and Africa. In Western Europe, where the average female contribution to GDP is 38%, equality is reached in some domains, such as education and health, but not in others, such as management positions, the sharing of housework, political representation and being the victim of violence. (Original version in French by Isabelle Lamberty)

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BUSINESS NEWS NO 164