IMF says AI investment keeps global growth around 3%, with major Asia benefits
The IMF said AI spending could add up to 1 percentage point to growth in advanced Asian economies and 0.8 point in emerging Asia.
- 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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73 Articles
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.
AI supports the growth of the global economy, but can change 40% of jobs - IMF <p>AI can change or eliminate 40% of jobs and reduce the demand for newcomers. At the same time, it supports global growth in level of 3%.</p>
IMF says AI boom is keeping global growth at 3%, Asia set to gain
IMF chief Kristalina Georgieva said strong AI infrastructure investment is keeping global growth around 3% and boosting Asian economies that supply hardware. She said the technology will reshape jobs, growth and taxation, while other leaders urged action on graduate employment and widening inequality.
IMF Chief Alarmed at ‘Slow-Moving Tsunami’ of AI for Jobs, Taxes
The head of the International Monetary Fund has warned of the disruptive threat from artificial intelligence to the labor market and taxation, urging policymakers to rethink education and act now to help society adapt.
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