BofA upgrades global growth forecast as AI boom accelerates: Chart of the Day

The AI investment boom is set to push global growth further than initially modeled, Bank of America said in a midyear report published late last week.

Spurred by a mix of tailwinds, BofA strategists now see the global economy growing by 3.2% in 2026 and by 3.5% in 2027, with AI in the driver's seat. The economists had previously estimated growth at 3.1% and 3.4% in 2026 and 2027, respectively.

"More than the peace deal, the main drivers of the upward revision to global growth this year are the AI-driven export cycle in Asia and the AI investment boom in the US, while lower oil prices boost growth mildly in developed markets in 2027," global economists Claudio Irigoyen and Antonio Gabriel wrote to clients on Monday.

Through 2025 and into 2026, AI has increasingly dominated US final domestic demand growth, taking over from the traditional leader — consumer spending — per data published by the bank. That trend mean-reversed in the third and fourth quarters of 2025, but in the first quarter of 2026, AI was far and away the leader.

Where AI has boomed, consumer spending has been hamstrung by war-driven surging energy prices through the front half of the year and by steadily rising U

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/article/bofa-upgrades-global-growth-forecast-as-ai-boom-accelerates-chart-of-the-day-161222422.html)