Contrary to doomsday predictions, new research reveals AI’s employment impact remains minimal. The technology appears to be driving productivity gains rather than mass layoffs, though economic conditions could change this equation.
Economic analysts are raising alarms about a potential return to sustained inflation as governments grapple with unprecedented debt levels. Reports indicate policymakers may increasingly rely on inflationary measures to manage fiscal pressures despite the damaging consequences for savers and the middle class.
Economic analysts are warning that developed nations may increasingly turn to inflation as an escape route from mounting government debt crises, according to recent reports. Sources indicate that rich-world public debt has reached approximately 110% of GDP, levels not seen since the Napoleonic Wars era excluding the temporary spike during the COVID-19 pandemic.
Economic analysts are sounding alarms about a new era of “jobless growth” where robust GDP expansion coexists with stagnant hiring. According to recent reports, artificial intelligence investments are driving economic gains while simultaneously constricting job market opportunities, especially for those seeking entry-level positions.
America is entering a period of “jobless growth,” according to analysts at Goldman Sachs, creating challenging conditions for job seekers while potentially benefiting capital holders. The phenomenon describes an economy experiencing robust GDP growth alongside modest job creation, a trend that sources indicate may become the new normal.
Financial analysts are warning that robust economic growth fueled by artificial intelligence investments isn’t translating into corresponding job creation. New data suggests entry-level positions are particularly affected, potentially creating future talent pipeline problems.
America is entering a period of “jobless growth,” according to analysts at Goldman Sachs, where economic expansion continues without corresponding increases in employment. The phenomenon, detailed in a memo from economists David Mericle and Pierfrancesco Mei, suggests that current market conditions featuring modest job growth alongside robust GDP growth represent a new normal for the U.S. economy.
EY has reported 4% annual revenue growth to $53.2 billion, with artificial intelligence consulting showing strong performance. The firm’s strategy and deal advisory business contracted amid global economic uncertainty, according to the financial report.
Professional services firm EY has reported a 4% increase in annual global revenue, reaching $53.2 billion for the year ending June 2024, according to the company’s financial announcement. The growth reportedly came as artificial intelligence consulting work helped offset declines in the firm’s strategy and deal advisory segments.
Indonesian President Prabowo Subianto has outlined an ambitious economic vision targeting 8% annual GDP growth. The strategy centers on massive domestic consumption programs including a nationwide free meal initiative and state-owned enterprise rationalization.
Indonesian President President Prabowo Subianto has expressed strong confidence that Indonesia can achieve an ambitious annual GDP growth target of 8%, according to reports from the recent Forbes Global CEO Conference in Jakarta. The president reportedly stated that this growth would be driven primarily by efforts to boost domestic consumption through large-scale social programs.
The National Association for Business Economics survey reveals upgraded US economic growth projections for 2025 and 2026, with GDP expected to rise 1.8% this year. Despite improved business investment forecasts, job growth remains modest as economists maintain cautious optimism about labor market conditions.
US economic growth forecasts have been significantly upgraded for 2025 and 2026, with economists now projecting stronger expansion despite expectations of modest job gains, according to the latest survey from the National Association for Business Economics. The revised outlook reflects improved business investment projections while maintaining cautious expectations for employment growth through next year.
