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The digital economy will not power a recovery Add to ...

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Economists and pundits are at odds over medium-term prospects for the global economy. Pessimists see stagnant growth, rising inequality and growing unemployment and underemployment, widely held to be responsible for the rise of right-wing populists such as U.S. president-elect Donald Trump.

Meanwhile, techno optimists such as Erik Brynjolfsson and Andrew McAfee, the authors of The Second Machine Age, argue that the digital economy will drive rapid productivity growth and underpin the gradual emergence of a post-scarcity economy capable of providing prosperity for all.

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