Water Crisis Could Mean Potential GDP Loss of More Than 5%

 

A report by the World Bank states that some areas of the world could observe an increase in migration patterns and social conflict as a result of the global water crisis. 

The report claims that by influence of global warming, the global water crisis will continue to ravage the economies of some areas throughout the world, causing as much as a 6% loss in nation GDP.  Especially intriguing, is the premise that the shortage of water has the potential to foreseeably alter migration patterns, coaxing inhabitants of countries lacking the resource to establish residence in areas less threatened by the scarcity. Further, due to the social and economic change, the report ascertains that an increase in conflict will also become notable. 

A collaboration between an increasing populace, inflating incomes, and developing cities will undoubtedly drive the demand for water resources substantially upward, simply extending the crisis as the population migrates from one locale to the next – making regions once unscathed by the shortage left to conserve in order to survive. Regions already plagued by water scarcity will suffer immensely as the problem only grows worse. 

Action is necessary if there is to be any hope of mitigating such a long-standing issue. Not only does a lack of water influence the migration of the people of these nations, but it also influences the longevity and sustainability of agriculture, the health of the people, and even the economy – the report projecting that the GDP will take a nearly 6% hit. Warning that freshwater will become rapidly depleted while energy and agriculture projects place an added stress on the availability of the resource, the report shows concern that the water supply will dwindle by as much as two-thirds over the course of the next 30 years. 

Not often perceived as a true threat to the ability of the economy to achieve steady growth, the impact that water shortages make on the stability of the global economy are consistently enhancing the detrimental effects of global warming. In order to avoid sustained periods of economic loss, regions at risk for the biggest negative impact need to begin implementing policies and processes that are capable of mitigating an impending large problem. 

The good news is that the potential loss can be alleviated when governments act proactively to aid efficiency and utilize water in a productive manner. Improving water conservation and efficiency has the power to dramatically remedy a sustained crisis. 

Interested in learning more about advanced water treatment systems to help alleviate the water crisis? Contact us today. 

 

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