Global Economic Futures Productivity in 2030 2025

–Scenario 1. Productivity Leap: A virtuous circle between widespread disruptive innovation and rapid human capital development leads to significant and broad-based productivity gains and a marked improvement in living standards. –Scenario 2. Automation Overload: Technological advancements outpace human capital development, leading to a “winner-takes- all” dynamic and an economy characterized by increased concentration of wealth and power. Productivity gaps widen between leading and lagging firms, sectors and regions. –Scenario 3. Human Advantage: Human capital development outpaces technological advancement, centring economic activity on people. Productivity growth is slow and uneven, driven more by the creative use of existing technologies than breakthroughs. Productivity gains hinge on the ability to attract talent that can maximize the potential of technology. –Scenario 4. Productivity Drought: A simultaneous slowdown in technological innovation and human capital development stalls productivity growth. Economies struggle to sustain previous levels of prosperity, leading to stagnation in living standards and socioeconomic progress. Four scenarios for the future of productivity in 2030 FIGURE 5 Human capital developmentTechnological development Scenario 2 Automation Overload Slowdown Acceleration Slowdown Acceleration Scenario 4 Productivity DroughtScenario 1 Productivity Leap Scenario 3 Human Advantage Source: World Economic Forum and Accenture. 12 Global Economic Futures: Productivity in 2030