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Zandi: AI Drives at Least 25% of Growth

Mark Zandi, Chief Economist at Moody’s Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared. Zandi argues those gains are essential to sustaining company valuations. He also expects Federal Reserve Chair Kevin Warsh’s Jackson Hole speech to be relatively quiet and not market-moving. He speaks…

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BloombergLean L·1h ago
Zandi: AI Drives at Least 25% of Growth
Mark Zandi, Chief Economist at Moody’s Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared. Zandi argues those gains are essential to sustaining company valuations. He also expects Federal Reserve Chair Kevin Warsh’s Jackson Hole speech to be relatively quiet and not market-moving. He speaks…
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Zandi: AI Drives at Least 25% of Growth

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