Not much of a day trading idea this one, but for the longer-term folks.

Goldman Sachs say they are getting set to boost economic growth forecasts in the second half of their ten-year outlook:

  • enormous economic potential of generative Al
  • suggests growth upside
  • we will … raise our growth forecasts … including by 0.4pp in the US, by 0.2-0.4pp in other DMs, and 0.1-0.2pp in advanced EMs by 2034

It’d be a shame if non-DM countries are held back from jumping on board with these new economic growth engines.

Source: https://www.forexlive.com/news/goldman-sachs-plan-to-raise-10-year-growth-forecasts-enormous-potential-of-generative-ai-20231030/