Europe is bottoming ?
China is bottoming ?
US real estate continues its recovery ?
The US economy starts to pick-up momentum?
The Balance Sheet Recession is completely over ?
Abenomics works in Japan and Japan does not fall apart ?
Goldman’s Jan continues to forecast a pickup in real GDP growth to 3%+ in 2014.
Barring renewed adverse shocks, we expect this pickup to set the stage for a lengthy period of above-trend growth. This is partly because we lean towards the optimistic end of the spectrum with regard to the US economy’s supply-side potential. Admittedly, labor productivity growth has disappointed in recent years, with an average gain of just 1.4% (annualized) since the start of the recovery. But as Kris Dawsey noted in Friday’s US Economics Analyst, the reason seems to lie mostly in cyclical capital spending weakness. Total factor productivity—the component of GDP growth that cannot be explained by changes in capital or labor inputs—has remained quite healthy, averaging 1% over the past four years. As capital spending rebounds, labor productivity growth should rebound as well
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.