Cathie Wood predicts US GDP growth will reach 7.3% and says the biggest productivity growth in history is coming

PANews reported on March 12 that according to Decrypt, ARK Invest CEO Cathie Wood said that the US economy is approaching the end of a "rolling recession " and is about to usher in unprecedented productivity growth driven by artificial intelligence (AI) and emerging technologies. She predicts that the US GDP growth rate will reach 7.3% , and believes that the largest productivity growth in history is coming, despite the weak performance of short-term economic data. She believes that technologies such as AI, genetic technology, automation and cryptocurrency will drive global economic change and form a positive cycle with the Trump administration's tax cuts and deregulation policies. In addition, she pointed out that since the resignation of SEC Chairman Gary Gensler, the US government's attitude towards the crypto industry is changing, and Washington is ushering in a "digital asset revolution." Wood believes that the current market funds are mainly concentrated in the "MAG7" (seven major technology giants), but in the future they will turn to a wider range of innovative stocks, and specifically mentioned that ChatGPT still dominates, but Elon Musk's Grok is growing faster, and open source AI models (such as DeepSeek, Meta's Llama, and possible future Grok open source versions) will become an important trend. However, the market reacted negatively to her views, with many investors questioning her investment strategy and believing that she was too optimistic about the Trump administration's economic policies, especially tariff policies and tax cuts that could lead to a wider fiscal deficit, while the ARK Innovation ETF still lags behind the S&P 500 after a sharp drop in 2022. Despite this, Wood still firmly believes that the US economy will enter one of the strongest bull markets in history, and said that if new technologies such as AI drive deflation, the United States will usher in unprecedented economic growth.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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