Automation could add more than $1.1 trillion to the global economy in the next 10 years

Technological advances such as automation could increase global GDP by more than $1.1 trillion over the next 10-15 years, according to a new report from analysts at JPMorgan Asset Management seen exclusively by Business Insider.

The asset management arm of banking giant JPMorgan believes that technological advances across all areas of society could lead to big productivity gains, which in turn will likely boost economic growth.

“Technology will affect economic growth rates and capital market returns in ways that are difficult to foresee,” the report, authored by a team of strategists headed by John Bilton, JPMAM’s Head of Global Multi-Asset Strategy, argues.

“Workforce automation and AI have the potential to deliver significant overall productivity gains, and some nations facing growth challenges from aging populations could see an additional boost to trend growth rates.”

Read more: Automation could add more than $1.1 trillion to the global economy in the next 10 years

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Mike Rawson

Mike Rawson has recently re-awoken a long-standing interest in robots and our automated future.

He lives in London with a single android – a temperamental vacuum cleaner – but is looking forward to getting more cyborgs soon.

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Automation could add more than $1.1 trillion to the global economy in …

by Mike Rawson time to read: 1 min
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