The Convergence Piece - How Economic Statistics Are Going to Change

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

If you look at the consensus forecast between now and 2040, you'll see it averages. This is real GDP about 2.6%. We're going to see artificial intelligence impact every industry, every company. And companies not harnessing it are really going to lose out. There's a $14 trillion market out there by 2030 for companies to harness. It will be associated with a fourfold plus increase in productivity.

On today’s episode of FYI, we will be featuring last week’s episode of In The Know, a monthly video series on which ARK CEO and CIO Cathie Wood discusses fiscal policy, monetary policy, market signals, economic indicators, and innovation. On this specific episode, Cathie weighs in on M2 growth, interest rates, inflation, auto sales, and bitcoin. Additionally, she highlights ARK’s Big Ideas 2023.

“We’ve grown up in a linear world really the last 50 years, and if were right that we’re entering into an exponential growth world, then real GDP growth should kick up here.” – @CathieDWood

The Big Ideas highlighted in this year’s report include: