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AI and related technologies could create around 90 million more jobs than they displace in China

AI and related technologies could create around 90 million more jobs than they displace in China

Around 26% of existing jobs in China could be automated over the next 20 years, but this is projected to be more than offset by job creation of 38%, giving an estimated net gain of 12%. Positive net job impacts in China contrast with broadly neutral estimated impact for the UK.

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UK GDP growth projected to be 0.5% in the third quarter of 2018 according to PwC’s ‘nowcasting’ model

PwC’s nowcasting model, which uses machine learning techniques to produce more timely GDP estimates, suggests that UK growth could pick up to 0.5% in the third quarter of 2018. This would be up from 0.4% in the second quarter, but would imply a slight slowdown on the 0.6% growth rate seen in the three months to July.

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