Residence Depot Amongst B of A Shares Benefiting From Urbanization

That is the age of urbanization. City areas now account for 55% of the worldwide inhabitants, in response to Financial institution of America analysts.

“Whereas the covid pandemic shifted some city dynamics, significantly versatile working, it has led to suburbs rising sooner than interior city areas, and thus to sprawling cities,” they wrote in a commentary. 

“However the general urbanization development is predicted to proceed.”

By 2030, the UN expects the world to have 43 cities with a inhabitants of 10 million or extra (versus 31 in 2018). And it estimates that nearly two-thirds (66%) of the worldwide inhabitants on common will reside in cities by 2050, with an 87% city inhabitants in developed nations.

Related Articles

Back to top button