Water scarcity threatens economies, IMF and BIS warn
Studies say impacts on growth, inflation, fiscal policy and balance of payments are likely to worsen
Water scarcity is likely to be a growing problem that will have a significant impact on the economies most at risk, according to separate studies by the International Monetary Fund and the Bank for International Settlements.
“Water stress” already affects 60% of the global population for at least part of the year, the BIS paper notes. The IMF paper points out that water and freshwater ecosystems are estimated to be worth $58 trillion, or 60% of global GDP.
“Water is a vital source of life and a
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