Recently, Goldman Sachs Group released a report stating that due to the anticipated enhancement of productivity by generative artificial intelligence over the next decade, Goldman Sachs has raised its long-term GDP growth forecasts for the United States and many other major economies. Specifically, Goldman Sachs predicts that by 2034, AI technology will contribute 0.4 percentage points to US GDP growth, pushing the US GDP growth rate to 2.3%; for the Eurozone, the forecast is that by 2034, the region's economic growth rate will reach 1.4%. Goldman Sachs also noted that it takes time for businesses to adopt new technologies, and the economic impact of AI will take years to fully materialize. Overall, despite uncertainties, Goldman Sachs' report anticipates that generative AI will have a positive impact on the productivity and GDP growth of global major economies over the next decade.
Goldman Sachs Forecasts Generative AI to Boost Long-Term GDP Growth in the U.S. and Several Countries
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