Goldman Sachs plan to raise 10-year growth forecasts – enormous potential of generative AI

<p>Not much of a day trading idea this one, but for the longer-term folks. </p><p>Goldman Sachs say they are getting set to boost economic growth forecasts in the second half of their ten-year outlook:</p><ul><li>enormous economic potential of generative Al </li><li>suggests growth upside</li><li>we will … raise our growth forecasts … including by 0.4pp in the US, by 0.2-0.4pp in other DMs, and 0.1-0.2pp in advanced EMs by 2034</li></ul><p>It'd be a shame if non-DM countries are held back from jumping on board with these new economic growth engines.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.