
How data centres and AI are becoming a new engine of growth
AI-driven investment in data centres is boosting US GDP, led by hyperscalers like Microsoft and Meta, as growth and weaker jobs hint new productivity gains.
Dr. Paul Gruenwald is the Chief Economist at S&P Global Ratings, leading the economic forecasting and research effort and serving as the primary spokesperson on macro-economic matters for the company.
Paul is also member of the World Economic Forum’s Chief Economist group and is on the Economics Advisory Committee at the University of Texas-Austin.
Before joining S&P Global, Paul spent five years at ANZ bank as the Asia-Pacific Chief Economist, where he was responsible for helping set and direct the economic research agenda as well as building the bank’s profile in the region.
Prior to that, Paul worked at the International Monetary Fund for nearly 16 years where he led the team producing their Asia-Pacific regional outlook, represented the Fund in Hong Kong SAR and Korea, was the Deputy Chief of the China division, and worked extensively on sovereign debt restructurings.
Paul has a Ph.D. in Economics from Columbia University in New York and a bachelor’s degree in Economics from the University of Texas.