IMF says AI investment keeps global growth around 3%, with major Asia benefits
Georgieva said AI spending is lifting advanced Asian growth by up to 1 percentage point while the IMF warns 40% of jobs could be affected.
- 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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110 Articles
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.
AI fuelling growth while putting Asia’s young workers at risk, IMF meeting hears
An investment surge into artificial intelligence may be helping prop up a global economy battered by energy supply shocks, but the technology’s potential to cull jobs requires swift mitigation if Asia’s youth are to secure a place in the future workforce, delegates were warned at the IMF–World Bank annual meetings in Bangkok on Monday. Soaring energy prices, persistent inflation and mounting debt framed the opening of the week-long summit, which…
The Director-General of the International Monetary Fund, Kristalina Georgieva, spoke of a "demand and investment shock" linked to the IA. And, from the point of view of the labour market, a "slow-down tsunami" that will impact on 40% of jobs
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