This GDP growth comes with a high robotisation rate of 44%, according to Oxford Economics.
The economy could get boosted by as much as $100b should Singapore achieve the optimal growth rate of robot installations across all sectors, according to an analysis by Oxford Economics. The firm calculated a 20% difference in Singapore’s GDP by 2030 with the high- and low-robotisation scenarios that it established.
Sung Eun Jung, economist at Oxford Economics, explained in a note, “Our scenarios were based on historical periods of growth in Singapore’s operational stock of robots. In the high scenario, we assumed that the robot stock […]
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