AI to Promote Long Term Growth in GDP, Investment, Consumption: BIS

AI to promote long term growth in GDP, investment, consumption: BIS

Artificial intelligence (AI) can boost growth in gross domestic product, investment and consumption in the long term, according to a senior official at the Bank for International Settlements (BIS) on Tuesday. The expansion of AI adoption will have a positive effect on economic capacity, propelled by higher productivity growth. However, its short-term effects on inflation and industry-specific dynamics may pose complex challenges for monetary pol…

IMF commends Oman’s economic growth, highlights 3.3% GDP surplus and 1.7% GDP growth in 2024 - The Arabian Stories News

Muscat – The assessment came as the IMF mission team concluded preliminary meetings with Omani authorities under the 2025 Article IV consultations. The discussions focused on recent economic, fiscal, and monetary policies and developments, as well as progress made in structural reforms.The IMF commended the continued growth of the Omani economy, with real GDP growth reaching 1.7 percent in 2024, compared to 1.2 percent in 2023. This growth is dr…