UBS On-Air: Paul Donovan Daily Audio 'Efficiency versus GDP'
UBS On-Air: Market Moves · Podcast owner
January 28, 20252m 48s
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Show Notes
Investors’ sudden discovery of China’s DeepSeek arguably reminds markets of the Fukushima Effect —people adapt when facing adversity (e.g. restrictions on China’s access to technology). On a larger note, output economics and GDP tend to ignore the benefits of efficiency. A culture that venerates GDP is a culture that may miss out on the benefits of a more efficient world.