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Goldman Sachs says that the world’s economy is about to start a new period of strong growth, helped by artificial intelligence and efforts to reduce carbon emissions.

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Peter Oppenheimer, who works at Goldman Sachs, thinks that the world’s economy will grow a lot, like it did in the late 1800s.

The world economy is on track for a new ‘super cycle’ like the one in the late 1980s. This is because of the increasing use of Artificial Intelligence (AI) and efforts to reduce carbon emissions. Peter Oppenheimer, a researcher at Goldman Sachs, said on Monday that the global economy is entering a really good time when a lot of people are working, the economy is growing, and people really want to buy things which makes prices go up. He also said that in the past, big cycles of the world’s economy have started with high interest rates and prices. Then, prices and interest rates went down for about ten years.

The US, which is the top economy in the world, has raised interest rates many times in the last three years. But now, the Federal Reserve is saying they might lower the rates by the end of this year. Additionally, inflation in the United States has decreased a lot in the last year and there haven’t been many reports of people losing their jobs. Oppenheimer said that in the next ten years, the world might not see big drops in interest rates, but there could be changes in economic policies to allow for privatization and globalization.

In the next few years, Oppenheimer predicts that there will be a big increase in AI use, which will help people do more work. In addition, the changes to industries have mostly been made because of new technology.

“I believe we will see an increase in productivity from using AI, which will lead to growth and higher profits,” said Oppenheimer.

The worldwide view of the market.

Artificial Intelligence and blockchain technology are helping the world’s economy to expand into new places quickly. For example, many big investors are using blockchain technology to turn real things like carbon credits, real estate, and government bonds into digital tokens. As a result, many governments around the world are making rules that encourage people to invest in web3 and create new things online.

Also, many regular people and big companies want to buy digital assets. The worldwide market for cryptocurrencies is now worth over $1. 7Bitcoin is leading the way, reaching over $47,000 for the first time since the Terra Luna UST crypto crisis. However, the total value of all cryptocurrencies is small compared to the massive global debt, which has risen above $304 trillion.

At the same time, many countries are joining the BRICS alliance to replace the United States dollar as the main global currency. Russia, China, and India are leading a big change in the world’s economy. This change is expected to happen faster in the next few years because of problems in the Middle East and the war in Ukraine.

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