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Goldman Sachs Sees AI Lifting US GDP Over Next Decade - Bloomberg

Author: Bloomberg

Source: https://www.bloomberg.com/news/articles/2023-10-30/goldman-lifts-us-global-long-term-growth-forecasts-on-ai-boost

Image of Goldman Sachs Sees AI Lifting US GDP Over Next Decade - Bloomberg

Goldman Sachs Group Inc.lifted its long-term growth estimates for the US and many other major economies as generative artificial intelligence is set to boost productivity over the next decade.In the US, which Goldman sees as the market leader for adoption, AI is set to add a 0.1 percentage point bump to gross domestic product gains in 2027, accelerating to a 0.4 percentage point boost in 2034.The AI impact raises Goldman’s US GDP forecast to a 2% expansion rate in 2027 and to 2.3% by 2034, projections show.

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