How the Obesity Crisis Poses a Threat to Global Financial Stability

How the Obesity Crisis Poses a Threat to Global Financial Stability


In the relentless march towards a £98 billion economic toll, obesity and excess weight are emerging as a formidable threat, nearly constituting four percent of the GDP. The financial stability of nations worldwide is at stake, with the economic impact projected to reach £3 trillion by 2035, equivalent to almost three percent of the current global gross GDP. However, a glimmer of hope lies in recent medical advancements that are reshaping our understanding of obesity, offering a chance for both business and government to reshape the narrative.

The trajectory we are currently on will siphon over £3 trillion from the global economy by 2035. The repercussions include escalating healthcare costs, shortened lifespans, and diminished productivity, hitting lower-resource countries the hardest. Yet, amidst this impending catastrophe, there is an opportunity for intervention. A mere 5 percent reduction in the rise of obesity could result in an annual global saving of up to £340 billion. The challenge is clear, and the potential for positive change is within our grasp.

To navigate this complex issue successfully, a fundamental shift in the conversation is imperative. Rewind to the 1970s, a time when societal perceptions tied body weight to status. The pressure to be thin infiltrated Western consciousness, stigmatizing individuals with higher body weight and giving rise to an epidemic of eating disorders. While diet fads and surgeries were presented as solutions, they only served to exacerbate the problem. In the last five decades, the global disease rate has nearly tripled, affecting over one billion individuals today and resulting in at least four million deaths annually.

Understanding the intricate causes of obesity is essential. It is a chronic, progressive disease primarily propelled by environmental factors, including easy access to energy-dense, inexpensive foods and reduced physical activity. Curiously, in many cultures, a higher body weight is still linked to a higher socioeconomic status. Moreover, a person's metabolism can act against weight loss efforts, highlighting the need for comprehensive approaches. Nutrition, exercise, and behavioral counseling are vital components of managing obesity, but standalone interventions tend to falter over time. Harnessing the body's natural ability to regulate appetite becomes crucial in addressing this multifaceted challenge.

Despite these advancements, obesity remains inadequately diagnosed, treated, and covered by insurance compared to other chronic diseases. A reevaluation of policies is imperative, allowing public health agencies to delve deeper into the interconnected factors fueling obesity. This approach will pave the way for strategies ensuring fair access to effective interventions and enable governments to assess additional health benefits, reducing the incidence of heart disease and type 2 diabetes.

Workplaces can be pivotal in altering the dialogue around obesity. As people return to offices post-pandemic, opportunities abound to share information, dispel stereotypes, and create a supportive work environment. Employers can contribute by making healthy food choices available and affordable, offering nutritional guidance, and encouraging physical activity at work through initiatives like walking desks, standing desks, walking meetings, and enhanced access to fitness classes.

Collaboration between businesses and government is essential to exploring how stress and workplace anxiety contribute to obesity and devising strategies to enhance health and productivity. Addressing obesity pay gaps, which disproportionately affect women, is paramount. A vibrant, productive workforce is crucial for every country's growth and to care for aging populations. However, obesity stands as a formidable impediment to this goal. After five decades of scientific study, we are at the cusp of unraveling the mysteries of this disease. Translating this knowledge into action has the potential to alleviate a substantial socioeconomic burden and unlock the latent potential of societies worldwide.

Professor Rachel Batterham, OBE PhD FRCP, holds an honorary professorship in obesity, diabetes, and endocrinology at University College London. Additionally, she serves as the senior vice president of international medical affairs for obesity at Eli Lilly and Company.

As we navigate the challenges posed by obesity, let us collectively embark on a journey towards a healthier, more prosperous future.

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