Tech leading to higher trend growth

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By Robert Stock Technology is creating a lasting environment of faster GDP growth, according to Gav...

By Robert Stock Technology is creating a lasting environment of faster GDP growth, according to Gavyn Davies, chief international economist at Goldman Sachs International. However, Tony Dye, former chief investment officer of UBS Phillips & Drew, disagrees, arguing that the growth in today's markets is merely a bubble. The two debated the topic of whether technology had created a lasting environment of faster GDP growth without inflation at the third annual Threadneedle investment conference. The theme, "Is it different this time?" was supported by Davies, who argued that higher trend g...

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