Global Economy Headed , for Era of Economic Growth, , Goldman Sachs Economist Predicts.
Business Insider reports that the global economy may be
headed toward an era of new growth, driven by the advent
of artificial intelligence and the push for decarbonization.
Business Insider reports that the global economy may be
headed toward an era of new growth, driven by the advent
of artificial intelligence and the push for decarbonization.
According to Goldman Sachs analyst Peter Oppenheimer,
the global economy is headed for another
"long boom" as interest rates and inflation peak.
Last year, tech companies ruled the market as the
AI sector boomed, with firms like Nvidia and Meta
seeing triple-digit gains in their stock values.
Last year, tech companies ruled the market as the
AI sector boomed, with firms like Nvidia and Meta
seeing triple-digit gains in their stock values.
Last year, tech companies ruled the market as the
AI sector boomed, with firms like Nvidia and Meta
seeing triple-digit gains in their stock values.
Oppenheimer suggests that Wall Street remains
optimistic about where AI will take markets in 2024
as the technology reaches more sectors of the economy.
Compared to the tech giants of the early 70s and the
Japanese tech bubble of the 80s, companies at the
center of the AI boom are already much more profitable.
Compared to the tech giants of the early 70s and the
Japanese tech bubble of the 80s, companies at the
center of the AI boom are already much more profitable.
They're already much more
profitable. So I think this is a story
that can run and have quite a big
impact for some time to come, Peter Oppenheimer, Goldman Sachs analyst,
via CNBC's 'Squawk Box Europe'.
Business Insider reports that the world's
decarbonization efforts will be the other major
driver of the coming cycle of economic growth.
According to Oppenheimer, developments in tech
will be driven by the changing physical demands
of our world amid worsening climate change.
According to Oppenheimer, developments in tech
will be driven by the changing physical demands
of our world amid worsening climate change.
Due to the world's warming climate, governments
and economies are being pushed toward
restructuring and modernizing. .
Oppenheimer suggests that this push to
adapt to climate change will usher in
a new phase of global economic growth.