Investing.com – The 2020s began with a global pandemia that forced billions of people on insulation and sharp government stimulus measures in response to the crisis.
What followed was a flourishing of economic growth, an increase in inflation and interest jump – all in the environment of renewed violence in several regions around the world and the appearance of artificial intelligence.
All of this has been translated into 563 interest rates, $ 7 trillion in quantitative clamping, a cumulative US $ 11 trillion deficit, $ 36 trillion of state debt and $ 1.2 billion annual interest in the first half of the decade Note to clients.
However, they claimed that perhaps the biggest change in property prices caused by a change in the bond yields, which move the opposite with prices. The increase in the reference 10-year-old American government bond yields to their long-term average after the fall in pandemic period “led to frequent increasing and falling price price, with the first more concentrated than others,” analysts said.
“Ultimately, Macro has dominated in the last five years,” they said.
But while the last half of the 2020s, the “micro age” may begin, analysts predicted.
“We think that micro -themes will dominate the macro over the next 5 years: the technology that transforms our economy in the background of populism, the narrow throat of artificial intelligence resources, generational changes in power and wealth and the return of government fiscal discipline,” they wrote.
In particular, the change in micro trends will be encouraged by accelerated technological disorders, encouraged by the wide adoption of artificial intelligence in companies and societies, they said.
Productivity growth will have to increase in return to justify jumping assessments and prices of capital sector capital, while artificial intelligence itself will require “more than anything – from resources to infrastructure,” analysts claim.
“These huge financing requirements could not come at a lesser-appropriate moment: record state debt and populist policy will prioritize the breakdown of inflation cycles in the US and reviving the stagnating growth in the heart of Europe,” they wrote, adding that they predict “return reactions” the devastating strength of artificial intelligence over the rest of the decade.
Generation Z, also known as “Zoomers”, will subsequently “have a major word in the Government response and scope in which artificial intelligence disrupts our societies and labor market, as well as how to manage state debt,” they said.
