AI could increase global economic growth by up to 1% annually over the next decade, raising growth from ~3.5% to ~4.5%.
Task‑level productivity gains already observed: software development up 55%, writing‑related tasks up ~40%; however, economy‑wide productivity is rising only ~0.1% per year due to adoption and skill constraints.
AI adoption reached 64% of firms in 2025; regional penetration: North America 70%, Europe/MENA 65%, Asia‑Pacific 63%.
BofA estimates AI productivity upside could be up to ten times current estimates as models improve and costs fall.
Faster AI adoption may lift neutral interest rates in leading economies, while slower adopters may see little change.
