IMF says AI investment keeps global growth around 3%, with major Asia benefits
Kristalina Georgieva said AI could affect 40% of jobs over time as the IMF warned of slower hiring and wider inequality.
- The International Monetary Fund and World Bank annual meetings opened today in BANGKOK, Thailand, with some 18,000 participants gathered to address global economic growth and artificial intelligence.
- Strong investment in AI infrastructure is keeping global growth at around 3%, International Monetary Fund Managing Director Kristalina Georgieva said, describing the boom as a "demand shock, an investment shock."
- Calling AI a "slow-moving tsunami," Georgieva warned the technology could augment, downgrade, or eliminate 40% of jobs, while noting it is "transformative" and changes how we live.
- President Tharman Shanmugaratnam warned that AI reduces job opportunities for graduates, creating a "new divergence" between economies, while some officials including Treasury Secretary Scott Bessent skip the meetings.
- While the IMF prepares an updated outlook, World Bank President Ajay Banga highlighted the development bank's use of "small AI" to drive productivity gains in emerging markets.
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The boom in investment needed for artificial intelligence is keeping global growth at around 3%, despite the energy shock and geopolitical risk. (ANSA)
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IMF Says AI Investment Is Helping Sustain Global Growth at 3%
Investment in artificial intelligence infrastructure is helping support global economic growth at around 3% in 2026, according to the International Monetary Fund. Asian economies involved in producing AI hardware could see significant gains, while policymakers warn that the technology may disrupt employment and deepen economic inequalities.
IMF Warns The AI Boom Is Propping Up The World Economy
The IMF says AI infrastructure spending is supporting global growth, but its jobs warning carries an uncomfortable message for South Africa. The post IMF Warns The AI Boom Is Propping Up The World Economy appeared first on 2oceansvibe News | South African and international news.
The AI helps the world economy grow, but at the same time can radically change the labour market, and 40 per cent of the world ' s jobs are at risk of transformation or disappearance.
The IMF Managing Director described the impact of the artificial intelligence boom on 40% of the workers.
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