What are Goldman Sachs' predictions for the global economy over the next decade?

According to the report, artificial intelligence (AI) and emerging markets are set to be the dominant forces shaping the global economy over the next 10 years.

How does Goldman Sachs expect emerging markets to perform compared to the US?

The investment bank predicts emerging markets will outperform the US, with an expected annual growth of 10.9% compared to just 6.5% for the US.

Where does Goldman Sachs see the benefits of AI being realized?

The report suggests the benefits of AI will be broad-based rather than confined to Silicon Valley, with countries like Korea, Taiwan, Japan, and China investing heavily in AI-driven initiatives.

Home / Business and Economy / AI and Emerging Markets to Define the Next Decade, Says Goldman Sachs

AI and Emerging Markets to Define the Next Decade, Says Goldman Sachs

17 Nov

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Summary

Goldman Sachs expects global equities to grow 7.7% annually
Emerging markets predicted to outperform the US with 10.9% growth
AI's benefits expected to be widespread, not just confined to Silicon Valley

AI and Emerging Markets to Define the Next Decade, Says Goldman Sachs

In a new 10-year global outlook released on November 17, 2025, investment bank Goldman Sachs has identified artificial intelligence (AI) and emerging markets as the key drivers that will define the next decade.

The report forecasts solid long-term returns for global equities, with an expected annual growth of 7.7% - close to the historical median. This buoyancy is supported by factors like nominal growth, profitability, and shareholder distributions, despite concerns around an AI bubble.

Emerging markets are tipped to be the standout performers, with Goldman Sachs predicting a 10.9% advance due to strong earnings per share growth in China and India. Excluding Japan, the rest of Asia is also expected to see a 10.3% rise. In contrast, the US is projected to see the smallest gains of 6.5%.