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Infographic: Technological growth has slowed

Techno-leap or pitfall? A $31 trillion economic question.
Image: Shutterstock
After rapid acceleration in the 1950s and 1960s, productivity has slowed and while Covid-19 is reshaping economies now, technological change will determine the path of growth in the coming decades.

In Bloomberg Economics’ baseline case, global productivity is forecast to grow by about 0.8% a year between 2020 and 2030 – a slight acceleration compared with the last decade. BE has also mapped the optimistic and pessimistic sides of the productivity debate in a pair of stylised scenarios – by 2050, the difference between the upside and downside cases adds up to nearly $31 trillion.

© 2020 Bloomberg L.P.

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