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BizTimes Media hosted its 24th annual Economic Trends event, gathering experts to discuss future economic, manufacturing, and technological landscapes. Key insights included:
– **Economist predicts strong employment growth (5.8%) and steady GDP expansion (3.7%) in 2025**, with AI poised to revolutionize workflows gradually rather than fully automating tasks within 10 years.
– **Local business leaders highlighted manufacturing as a driver of innovation, emphasizing its role in creating jobs and supporting supply chains**.
– **AI expert emphasized cautious optimism: while it could transform industries like theranostics (expected $4.3B by 2028) and gene therapy ($24.6B by 2033), its integration remains slow due to regulatory and ethical challenges**.
– **Biohealth industry poised for significant growth, with theranostics projected to increase revenue by over 100%**, driving innovation in healthcare and boosting the state’s economy.
The event underscored how these trends will shape businesses and economies in 2025 and beyond.
Source: https://biztimes.com/key-takeaways-from-biztimes-annual-economic-trends-event