Sunday, May 17, 2026

America Is Experiencing a Productivity Miracle in the 2020s, estimate of long-run GDP growth rate raised

Good news! The economic effects of AI are probably not yet included.

"America’s productivity growth is recovering after years of post-financial-crisis stagnation. The Economist reports that US productivity has grown by about 2 percent a year over the past five years, up from 1 percent in the 2010s.
Reflecting that welcome news, the Federal Reserve recently raised its median estimate of America’s long-run GDP growth rate from 1.8 percent to 2 percent."

America Is Experiencing a Productivity Miracle - Human Progress

America is experiencing a productivity miracle (behind paywall) "AI hasn’t—yet—got much to do with it"


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