This webinar looks at the productivity gap in the UK and whether AI can help to bridge it and how long that might take. It also looks at whether a Trump presidency could see an accelerated cut in interest rates, within the broader outlook for inflation and growth globally.
In the words of the UK’s new government, “increasing growth is the biggest economic challenge we face. We need growth so we can improve living standards and reduce poverty. And growth leads to the creation of more and better-paying jobs, and provides the tax revenues we need to fund strong public services.”
The problem is that productivity has flat-lined in the UK (and in many other countries) since the Global Financial Crisis – this is unprecedented in the post-war era, and has come to be known as the “productivity puzzle”.
So why has productivity growth slowed in the UK, and what steps can a new government with a large parliamentary majority take to improve growth? We will examine the different arguments for why growth has been so low, and just as importantly whether the prospects for growth could change in the future.
Artificial Intelligence (A.I.) has been seen by many commentators as the answer to our productivity problems, but has it lived up to the promise so far, or could the economic impact of A.I. take longer to be felt?
Finally, in this year of change, it will look at what the election of the 47th President of United States could mean for the pace of US interest rate cuts.
This Webinar seeks to provide practical insight to help you answer these questions. We also discusses the broader outlook for inflation and growth globally, and the potential implications for different asset classes.
CPD objectives:
• Understand the importance of productivity growth
• Summarise the factors that may affect productivity growth
• Discuss the global outlook for inflation and economic growth
