A boom in generative artificial intelligence and pandemic-induced workplace shifts will unleash a new era of faster productivity growth across the rich world, economists say, though it could take a decade or more for advanced economies to reap the full benefits.
After surging during the initial stages of the pandemic, The Conference Board, a global business research organisation, said this month that it expected productivity to barely grow this year across mature economies. The board believes this weakness is set to continue over the next decade, citing the rising cost of capital and ongoing economic and geopolitical uncertainty.
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