Economist Nouriel Roubini made a series of statements about the future of the US economy, emphasizing the role of technology in sustaining growth.
Technology vs Tariffs
Roubini, a senior advisor at Hudson Bay Capital, stated that technological advancements would offset the impact of trade tariffs. He noted that the US is a leader in fields such as artificial intelligence, quantum computing, and green technology. "Technology outweighs tariffs," he remarked.
Economic Forecasts
The economist predicts that this technological superiority could increase the potential growth rate of the US economy from 2% to 4% by 2030. In contrast, the impact of tariffs and immigration restrictions could only reduce growth by 0.5%. Roubini also mentioned that in the short term, a slowdown in the economy should be expected, indicating that cost increases due to customs duties could push inflation to 4%, potentially restricting consumer spending and leading to a loss of confidence in both the consumer and business world.
Long-term Prospects
Roubini highlighted that the US economy has a strong growth potential in the long-term, thanks to its innovative structure. He emphasized that "customs duties are temporary, but technology is a permanent advantage."
Thus, despite short-term challenges such as a potential recession and rising inflation, Nouriel Roubini asserts that technology can provide sustainable growth for the US economy in the future.
