Women in the workforce can fuel Asia’s growth in post-Covid economy, says McKinsey partner

As a coronavirus-fuelled recession looms, Asian economies are sitting on a powerful and underutilised engine of growth that could help them pull out of the downturn: female workers. Management consultants McKinsey & Company found that if Asia-Pacific economies advance women’s equality in the workplace it could mean an extra US$4.3 trillion or 12 per cent of their collective annual GDP over the next 10 years. This figure does not even assume full equality with men, merely that all countries…

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