Economic Roundtable: What’s Keeping Global Growth Going?

AI-related capex is the common thread sustaining US, European, and Asian growth, with an AI investment reversal the shared top risk.

• AI capex drives US growth: Michael Gapen says AI hyperscaler CapEx contributes 0.4-0.6 percentage points to US GDP growth per quarter, with upper-income households benefiting via asset appreciation.
• Asia's capex-export-consumption broadening: Chetan Ahya notes Asia's CapEx cycle expanded from tech into energy, defense, and industrials, with current account surpluses hitting $1.6 trillion (4.2% of GDP).

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.