BlackRock’s Rieder Sees AI Helping Buoy GDP Even as Hiring Slows
BlackRock Inc.’s Rick Rieder said last month’s surprise contraction in payrolls reflects a “productivity revolution” rather than economic weakness, arguing that the US economy remains on track for 6% nominal growth in gross domestic product even as hiring stalls.
This is a summary aggregated from Bloomberg Markets. Read the complete article on the original site:
Read full article at Bloomberg Markets
