The financial and technological consultancy AFI published a study analyzing the impact of artificial intelligence on the Spanish economy, and According to the results, the development of this technology can be interpreted as an opportunity for Spain in the face of the labor shortage that is expected in the future, as a result of the demographic evolution projected by the INE for the coming years.
According to the study, in which different methodologies were used to analyze the impact of AI, it describes that The technological shock, such as the one that the use of artificial intelligence by workers would entail, would increase labor productivity at an average annual rate of almost 3%, as suggested by some studies published to date. This push would be 6 times higher than the average rate registered between 2007-2022 (0.5% per year).
“These technologies can also complement employment by making it easier and more efficient to perform tasks and, therefore, improve labor productivity per hour worked, just as happened with technological changes in the past, such as industrialization or the development of the Internet. ”AFI said in a press release.
In this sense, the report dictated that thanks to this, the potential growth of the Spanish economy could rise to 2% per year (currently estimated at 1.6% per year). A level, according to AFI, relatively high if one takes into account that the contribution to the growth of the labor factor, given the demographic projections of the INE (tending to reduce the population of working age), is waning.
In other words, GDP per capita could grow at an average annual rate of around 1.8%, and in the best of scenarios, AFI concluded that the general use of these technologies would favor economic growth that would allow Spain to recover the trend level of GDP. per capita prior to the pandemic.
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