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Without data centers, GDP growth was 0.1% in the first half of 2025, Harvard economist says (fortune.com)

submitted 1 month ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

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U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology, according to Harvard economist Jason Furman. Excluding these technology-related categories, Furman calculated in a Sept. 27 post on X.com GDP growth would have been just 0.1% on an annualized basis, a near standstill that underlines the increasingly pivotal role of high-tech infrastructure in shaping macroeconomic outcomes.

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[–] NatakuNox@lemmy.world 10 points 1 month ago

That's catastrophic for a countries economy. We already know 51% of all money spent in America was spent by the top 10%. Meaning there's definitely negative growth for the average American. Our infinite growth world economy needs to change. Wealth and stuff shouldn't be measured for success anymore. It's crippling humanity, we have bigger issues and holding on to our wealth based mindset is the first thing we need to fix before moving forward.