KKR sees AI-driven productivity gains continuing, with growth staying concentrated

KKR said its midyear outlook points to continued AIdriven productivity gains over the coming years, but also to a more uneven economic backdrop. The U.S. investment firm said growth is likely to become more concentrated in fewer industries, with technology, highend services, government spending, defense and power among the areas it expects to benefit. The report described the trend as unusually strong, comparing its scale to patterns last seen during the second industrial revolution. KKR also said it expects Asian markets to continue outperforming in both public and private assets, with Japan and South Korea viewed as relatively attractive. The firm forecast that the Chinese yuan could strengthen as the U.S. dollar peaks, and it highlighted wheat as another strategic area drawing policy support and investment interest.