AI Policy & Regulation
3d ago
Nobel Economist Warns AI May Not Revive Rapid Economic Growth
Jul 7, 2026
AI Summary
A Nobel Prize-winning economist has stated that artificial intelligence is unlikely to restore the rapid productivity growth seen in Western economies. Christopher Pissarides noted that a significant portion of jobs in sectors like nursing and hospitality may remain largely unaffected by AI advancements.
- A Nobel Prize-winning economist, Christopher Pissarides, has expressed concerns about the impact of AI on economic growth.
- He believes that the era of rapid productivity growth in Western economies may be permanently over.
- Pissarides highlighted that up to 40% of jobs in the US and UK, particularly in nursing and hospitality, could be largely unaffected by AI.
aieconomyproductivitynobel prizegrowth