"There's a 70% chance that we soft land or do better, defining better as an economy that gets bigger, but not hotter," El-Erian stated, emphasizing the economy's resilience despite rising interest rates. He discussed the U.S.'s relative strength in a globally challenged landscape, indicating confidence in productivity improvements fueled by emerging technologies like AI.
"We haven't understood how powerful this technology was," El-Erian remarked, highlighting the transformative potential of AI in boosting economic productivity. He noted that while the U.S. economy has endured challenges, it is on a path towards significant improvements, barring major policy errors or international complications.
Collection
[
|
...
]