Top Goldman Sachs analyst says the world is moving into a new super cycle
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The world economy is entering a new “super cycle,” with artificial intelligence (AI) and decarbonization being key factors, according to an analyst. AI is expected to have a positive effect on stocks as it is increasingly used in new products and services. The application of AI is also likely to improve productivity, leading to growth and higher margins. The analyst highlighted historical parallels to current developments, including rising geopolitical tensions, taxes, and regulation. The period ahead is likened to the late 19th century, characterized by rapid technological innovation and the move towards decarbonization.