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Jan Hatzius

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2026-03-27 / thought-leaders-researcherGoldman Sachs: AI Contributed 'Basically Zero' to US GDP Growth in 2025 — Most AI Equipment Is ImportedGoldman Sachs Chief Economist Jan Hatzius revealed that massive AI investment generated 'basically zero' contribution to US GDP in 2025, calling out 'a lot of misreporting' about AI's economic impact. The core reason: most AI equipment (chips, servers) is imported from Taiwan and Korea, so the positive investment entry is offset by negative net-exports. Joseph Politano calculated only 0.2% of the economy's 2.2% growth was AI-attributable. Goldman forecasts measurable AI GDP impact won't materialize until 2027.

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Jan Hatzius reports AI contributed basically zero to US GDP in 2025.
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