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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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[–] recentSlinky@lemmy.ca 2 points 1 month ago

So most of the air is going into the bubble to fill it more? Lovely