Posted 1/8/2024, 3:33:19 PM
Goldman Sachs Predicts New Super Cycle of Economic Growth Driven by AI and Green Energy Transition
- The world is entering a new economic "super cycle" due to AI and decarbonization according to Goldman Sachs' Peter Oppenheimer
- Super cycles are long periods of expanding GDP, strong demand, higher prices and employment
- AI is driving greater efficiency and productivity which could boost economic growth and margins
- Historical parallels exist to the "super cycle" in the 1970s-80s with deregulation, globalization, though now seeing some pushback
- Combination of fast technological innovation and decarbonization resembles late 19th century - needs historical analysis to position for this environment