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The 5G economy will ‘spur massive GDP and job growth across the US’, says BCG

February 26, 2021 by Abdul Montaqim

5G networks in Washington, DC could create about 4.5 million jobs in the US and add roughly $1.5 trillion to the country’s GDP, according to a new report from Boston Consulting Group (BCG), commissioned by CTIA, the wireless industry association.

BCG’s analysis shows that 5G will contribute to US GDP and employment growth by enabling of innovation that will transform all sectors of America’s economy across cities and communities of all sizes.

“Our analysis shows that the 5G economy’s impact will be broad and deep, unlocking significant benefits across the US and enabling new use cases across all industries, including health care, education, and agriculture,” said Enrique Duarte Melo, a BCG managing director and senior partner and lead author of this report. “The GDP growth and job creation that America’s 5G networks are beginning to unlock will be instrumental in jump-starting the country’s economic recovery.” [Read more…] about The 5G economy will ‘spur massive GDP and job growth across the US’, says BCG

Filed Under: Features, Tech Tagged With: america, analysis, bcg, benefits, billion, care, cases, contribute, country, economy, gdp, growth, industries, job, jobs, networks, wireless

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