\u201cCambrian explosion\u201d<\/a> of technological advances \u2013 including artificial intelligence \u2013 could propel the US\u2019 potential economic growth to 4 per cent by 2030, and as high as 10 per cent in less than a quarter-century, overshadowing Middle East oil shocks and other near-term headwinds.<\/p>\nFraming AI as a long-term driver rather than a bubble, the economist said that the US and China were the world\u2019s two leading innovators, and that both stood to benefit.<\/p>\n
\u201cThat fundamental story \u2013 regardless of geopolitics, regardless of climate change, regardless of populism \u2013 is the driver for the next 10 to 20 years, and is a positive for the world at large,\u201d Roubini said at the Greenwich Economic Forum in Hong Kong on Monday.<\/p>\n
Roubini pointed to around 15 technologies \u2013 including AI, semiconductors, humanoid robots and space exploration \u2013 that he said collectively represent a \u201cCambrian explosion of new technologies of the future that we\u2019ve not seen in human history\u201d.<\/p>\n
With the boost from technology, the American economy\u2019s potential annual growth, which now stands at 2 to 3 per cent, is expected to reach 4 per cent by the end of the decade, said the economist, who is also the chairman and CEO of Roubini Macro Associates.<\/p>\n","protected":false},"excerpt":{"rendered":"The economist famously dubbed \u201cDoctor Doom\u201d for predicting the 2008 financial crisis has seemingly morphed into a bullish…\n","protected":false},"author":2,"featured_media":433193,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[291,62964,1793,79,60419,381,356,179,18,192696,4202,19,17,8820,110755,192697,168834,107,8592,3997],"class_list":["post-433192","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ai","tag-american-economy","tag-beijing","tag-business","tag-cambrian-explosion","tag-china","tag-donald-trump","tag-economy","tag-eire","tag-greenwich-economic-forum","tag-hong-kong","tag-ie","tag-ireland","tag-middle-east","tag-nouriel-roubini","tag-roubini-macro-associates","tag-strait-of-hormuz","tag-us","tag-us-president","tag-xi-jinping"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116397398246678770","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/433192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=433192"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/433192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/433193"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=433192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=433192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=433192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}