Anyone with half a brain knew that unless consumer spending just somehow went completely negative within 6 months, the “AI is all growth and everything else is bad!” story was massively overhyped.
First rule of any responsible Neolib on Reddit – never ever EVER read generic news subs (or even some of the main Econ subs) if you want truly objective and non partisan narratives around the US economy.
From the article;
*”Bhide found that without making any adjustment for imports, AI-related components seem to have added around 90 basis points, or 0.9%, to real GDP growth on average between the first quarter to the third quarter of 2025, or a little under 40% of average real GDP growth over the period. When adjusted for the real imports of computers, peripherals and parts, semiconductors and related devices, and telecom equipment — considered AI-related equipment — **then the net average contribution of AI-related investments is smaller, between 40 and 50 basis points, or about 20%-25% of real GDP growth** between the first and third quarters, her research shows.”*
bornlasttuesday on
The AI boom is promises of future spending, not current spending.
Opening_Budget_9518 on
so the economy isnt 3 data centers in a trench coat?
3 Comments
Anyone with half a brain knew that unless consumer spending just somehow went completely negative within 6 months, the “AI is all growth and everything else is bad!” story was massively overhyped.
First rule of any responsible Neolib on Reddit – never ever EVER read generic news subs (or even some of the main Econ subs) if you want truly objective and non partisan narratives around the US economy.
From the article;
*”Bhide found that without making any adjustment for imports, AI-related components seem to have added around 90 basis points, or 0.9%, to real GDP growth on average between the first quarter to the third quarter of 2025, or a little under 40% of average real GDP growth over the period. When adjusted for the real imports of computers, peripherals and parts, semiconductors and related devices, and telecom equipment — considered AI-related equipment — **then the net average contribution of AI-related investments is smaller, between 40 and 50 basis points, or about 20%-25% of real GDP growth** between the first and third quarters, her research shows.”*
The AI boom is promises of future spending, not current spending.
so the economy isnt 3 data centers in a trench coat?