Vanguard Markets & Economy Perspective: Our Investment and Economic Outlook, May 2024

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Vanguard Markets & Economy Perspective: Our Investment and Economic Outlook, May 2024

The article discusses the potential impact of AI on productivity and economic growth, drawing parallels to the transformative effect of electricity. Vanguard's global chief economist, Joe Davis, emphasizes the importance of AI in offsetting demographic pressures and driving future economic growth beyond consensus expectations.

Davis suggests that if AI's impact on productivity matches that of electricity, it could lead to a future where economic and financial outcomes surpass current forecasts. The commentary highlights the optimistic outlook for AI's role in shaping the economic landscape and driving innovation in various sectors.

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