African Economies at Risk of Falling Due to Ongoing Water Shortage

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In Africa, the challenge of obtaining clean water continues to plague a large portion of the population. This challenge, unfortunately, continues to plague the African economy, and according to a report released this weekend by the World Bank, will eventually cause double-digit decline in the GDP.
According to the report, several African countries along with the Middle East and Central Asian countries will face severe economic hardship by 2050 as the demand for growing cities and agriculture will create a shortage in areas currently plentiful in water and cause a severe shortage in areas where water is already sparse.
“There is a severe hit on GDP,” said Richard Damania, head of environmental economist for the World Bank.
Damania is an expert in global economics, having written a book on the subject matter. He warns that without a complete and extensive overhaul of the current system water shortages could strip the affected economies of anywhere between 12 to 14 percent of their GDP by 2050.
In the African continent, the shortage could have serious implications for food production, public health, and incomes, as farming and agriculture are a staple for millions of homes.
The remedy lies with the encouragement of governments to sanction water conservation methods and irrigation regulations that would provide guidelines and regulations as to how people manage water on a larger scale.

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