The global economy is moving into a new "super cycle," with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, head of macro research in Europe at Goldman Sachs.
"We are moving clearly into a different super cycle," he told CNBC's "Squawk Box Europe" on Monday.
The most recent significant super cycle that the world economy experienced began in the early 1980s, Oppenheimer said, discussing content from his newly launched book "Any Happy Returns."
This was characterized by interest rates and inflation peaking, before a decadeslong period of falling capital costs, inflation and rates, as well as economic policies such as deregulation and privatization, he explained.
"We're not likely to see interest rates trending down as aggressively over the next decade or so, we're seeing some pushback to globalization and, of course, we're seeing increased geopolitical tensions as well."
Persons:
Peter Oppenheimer, Goldman Sachs, CNBC's, Oppenheimer, We're
Organizations:
Dow Jones, New York Stock Exchange, Goldman, U.S
Locations:
Europe, Russia, Ukraine, China, Israel