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Kevin Bryan shares that projections anticipate a scenario of 'moderate AI' by 2030, which is considerably more advanced than what many governments currently plan for. Despite this, the growth effects are viewed as relatively modest but still positive, with GDP expected to rise 0.5% to 1% above current trend projections when accounting for demographic factors.
Bryan emphasizes that while these AI developments surpass much official planning, the near-term economic gains are incremental rather than large scale.
Bryan previously highlighted that Canada's per capita GDP PPP growth last year trailed the OECD average, outpacing only Mexico and Luxembourg, in a recent article. He also reported that federal tax for U.S. median income couples has reached $3,340 each, with lower amounts for specific groups such as parents and retirees, according to his recent post. These data points provide a backdrop to current discussions about incremental GDP gains from advances in AI.