IMF says AI investment keeps global growth around 3%, with major Asia benefits
- 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.
58 Articles
58 Articles
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.
Large-scale investments in artificial intelligence infrastructure are supporting the global economy and are among the factors that are keeping global growth around 3% despite energy supply problems. This was stated by the Managing Director of the International Monetary Fund Kristalina Georgieva at the opening of the annual meetings of the IMF and the World Bank in Thailand. According to Georgieva, the boom in AI investment is already causing str…
Banga stated that promoting these practical applications is one of the priorities of the World Bank and the Global Council for Employment, a group set up to analyse the impact of economic and technological changes on the labour market
AI Will Be Able to Transform 40% of Jobs Globally, Says Director General of the IMF Economic Journal
In an intervention on the first day of the Annual Meetings of 2026 of the IMF and the World Bank Group, which take place from 12 to 18 October in the Thai capital, Georgieva described the technological transformation as "a slow tsunami", adding that the impact of AI is already felt in the economies of the world, albeit unevenly.
"You can love, hate or fear AI, but it's already here and we've seen the first wave of impacts," says IMF Director Kristalina Georgieva.
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