World Bank: Africa’s glut of young workers is not a threat but an extraordinary opportunity upon which prosperity of the world depends
The most recent UN estimates project that Africa’s population, driven by both falling mortality and high fertility, will grow from 1.4 billion today to 2.5 billion by 2050. With China, Japan, Korea and European countries all likely to experience a sharp decline in young workers, the world economy is set to slow sharply unless it receives a productivity boost from the billion young people being added to Africa’s population in the next quarter century. The dynamism of Africa’s youth is central to the future of the global economy.
