IMF says AI investment keeps global growth around 3%, with major Asia benefits
Georgieva said AI investment is lifting growth by up to 1 percentage point in advanced Asian economies while threatening entry-level jobs worldwide.
- 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.
149 Articles
149 Articles
Massive investments in artificial intelligence (AI) infrastructure maintain the growth of the world economy around 3% and bring significant benefits to Asian economies. At the same time, they provide for a "slow-evolving tsunami, which could cause major changes in the labour market, tax systems and education," the International Monetary Fund (IMF) general director Kristalina Georgieva warned on Monday.
IMF boss gases up economic, job changes from AI
Strong investment in artificial intelligence (AI) infrastructure is keeping global growth at about 3 percent, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, IMF managing director Kristalina Georgieva said yesterday.The AI investment boom was already deli
'Slow-moving tsunami' - IMF warns AI could hit 60 per cent of jobs
AI’s impact on employment “is a slow-moving tsunami, but a tsunami nonetheless”, the head of the International Monetary Fund (IMF) has warned, as the technology threatens to reshape six in ten jobs across advanced economies. Kristalina Georgieva, managing director of the IMF, said AI could affect 40 per cent of jobs worldwide, rising to 60 [...]
The Director-General of the International Monetary Fund, Cristalina Georgieva, confirmed today that the rapid development of artificial intelligence techniques contributes to keeping the growth of the world economy close to 3%, despite the negative impact of the shock of energy supply.
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