In the late 1990s, a surge in technology-fueled productivity enabled rapid growth, paired with subdued inflation, ample jobs, and low interest rates. Just maybe, the optimists say, AI might create the same happy conditions.
- Not so fast, say some leading economists.
The big picture: There are significant differences in the current economic and demographic backdrop — and the nature of the AI rollout — that could mean inflation remains a problem and the job picture more worrying, even if AI lives up to its promise.
