The Macro Shift: Global productivity growth is accelerating. After averaging roughly 1.4% over the past decade—and spiking to nearly 2% during the 1990s Internet boom—current projections suggest AI and digital infrastructure investment could push productivity growth toward 2.7% immediately, with potential long-term gains approaching 5%.
The Capital Flight: Industry leaders are committing over $650 billion to AI infrastructure (data centers, semiconductors, energy). This is viewed as a foundational shift, not a cyclical trend.