IMF says AI investment keeps global growth around 3%, with major Asia benefits
Georgieva said AI could affect 40% of jobs worldwide while investment in the technology is helping keep global growth near 3%.
- 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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118 Articles
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.
Strong investments in artificial intelligence infrastructure (AI) are supporting the growth of the global economy around 3%, with great benefits for Asia, but they also announce a "tsunami in slow motion" that can cause profound transformations in labour markets, taxation and education. The statements were made on Monday by the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva.
IMF: AI Investment Keeps Global Growth at 3% but Threatens Jobs
The IMF reports that heavy investments in artificial intelligence are keeping global growth at around 3% with major benefits for Asia. However, leaders warn of severe labor market disruptions, with up to 60% of jobs in advanced economies affected and entry-level career opportunities facing unprecedented pressure. IMF: AI Investment Keeps Global Growth at 3% but Threatens Jobs.
The Director of the International Monetary Fund (IMF) said that the rapid development of artificial intelligence contributed to keeping the growth of the world economy close to 3%, despite the negative impact of the shock of energy supply, calling for inflation.
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