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Open original source ↗Thanks to five technologically enabled innovation platforms, real GDP growth during the next 15 years could jump more than 2-fold globally, from 3% during the past 125 years to 7%+. Based on history, this forecast seems conservative. From 1500 to 1900, for example…
according to @wintonARK’s research, real GDP growth averaged only 0.6%. Then, thanks to three new innovation platforms—telephone, electricity, and the internal combustion engine—it jumped five-fold to 3%. Now, powered by AI, the acceleration in global growth could be stunning!
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The technological acceleration should shift the underlying macroeconomic growth equilibrium. People are expecting ~$150 trillion in 2030 GDP. Driven by AI, robotaxis and robots, we think ~$190 trillion is likely. https://t.co/sUO8fHqWCO
wintonARK ↗