Goldman Sachs anticipates GDP growth could rise to at least 2.1% driven by AI productivity.
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Goldman Sachs GDP Growth Forecast: Analysts predict that GDP growth could accelerate to 2.1-2.3% over the next few years, driven by advancements in artificial intelligence (AI) which is expected to boost productivity growth to 1.7% through 2029 and 1.9% in the early 2030s.
Impact of AI on Global Economy: Generative AI is estimated to increase global GDP by 7% (approximately $7 trillion) over the next decade, contributing an additional $160 billion to "true GDP" through productivity gains and investments in AI infrastructure.
Analyst Views on ARTY
Wall Street analysts forecast ARTY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARTY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
