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When will economic growth accelerate?
Economic historians have often emphasized the role economic growth plays as perhaps the most important phenomena of human history. In a quite real sense, economic growth is what distinguishes 21st century humanity from our distant ancestors who had no technology or civilization.
By estimating historical economic growth, economists have identified two crucial events in the history of humanity which greatly accelerated the rate of growth: the agricultural revolution roughly 10,000 years ago, and the industrial revolution roughly 200 years ago.
Many theorists now anticipate that there will be a another crucial event in which economic growth rates greatly accelerate, roughly timed with the development of advanced artificial intelligence. In line with these predictions, economic growth is the primary specific benchmark people have used to characterize potential future AI takeoff.
Economic growth here is measured by real world GDP growth over one year. However, since economic growth can also accelerate following a recession, this question will not ask about economic growth per se, but instead about GDP levels reaching a new height.
In particular this question asks, what will be the first year when world real GDP exceeds 130% of all prior years, as reported by a reputable organization such as the World Bank?
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