Currently, only about 30 per cent of businesses in Europe are owned by women, and the World Economic Forum's 2020 Global Gender Gap Report estimates that it will take nearly 95 years to close the gender gap globally. According to a McKinsey Global Institute report, increasing women's equality could boost the global economy by $12 trillion (£9.5 trillion) by 2025. In an ideal scenario, this figure could even rise to $28 trillion (£22 trillion), highlighting the substantial economic benefits of gender equality.
"This impact is roughly equivalent to the size of the combined Chinese and US economies today," the study noted.
