Urbanization: City as a Consumer
Over the next decade, the world will experience a huge migration to urban areas, transforming traditional cities as we know them today into economic hubs. About 90% of this growth is expected to occur in the cities of Asia and Africa. More than 50% of the population in Asia and Africa are expected to reside in urban areas by 2030. Cities are expected to drive the economy of countries.
Tokyo, the world’s largest metro economy with $3.1 trillion nominal GDP