The IMF projects 3.1%.

The gap between the two is greater than the acceleration seen throughout the Industrial Revolution, which raised growth from 0.6% to 3% per year.

ARK’s thesis is that AI, robotics, and automation are driving a productivity leap comparable to that of the steam engine—only compressed into a single decade rather than a century.

It is worth keeping in mind who is making the projection and what it implies.

7.3% growth justifies practically any valuation multiple in the technology sector.

At the IMF’s 3.1%, the math looks very different.