Expectation of Accelerated Global GDP Growth and Deflationary Period Ahead

The speaker predicts a substantial increase in global GDP growth from the current 2-3% range to a higher range of 6-9%, primarily driven by productivity. This surge in productivity is expected to result in wealth creation, with the potential for increased profits, higher wages, and lower prices through deflation. The speaker also anticipates a highly deflationary period ahead, in contrast to the prevalent focus on inflation in monetary policy and the belief that the economy is prone to inflation, when in fact, the speaker argues that the current situation resembles the 70s.