IMF says AI investment keeps global growth around 3% but brings massive disruption
Source: The Business Times
Published on: 2026-10-13 00:19
[BANGKOK] Strong investment in artificial-intelligence infrastructure is keeping global growth at around 3 per cent with major benefits for Asia, but also foreshadows a "slow-moving tsunami" that could massively disrupt labour markets, taxation and education, International Monetary Fund (IMF) managing director Kristalina Georgieva said in Bangkok on Monday (Oct 12). The AI investment boom was already delivering a "demand shock, an investment shock" that could boost growth in advanced Asian economies by a half to one full percentage point, and emerging Asian economies by 0.2 to 0.8 percentage point, she noted. "AI, love it, hate it. It's already here," Georgieva added. "That shift into higher gear is what is keeping the world economy growing at around 3 per cent, despite the fact we are being dragged down by the energy supply shock," she told hundreds of participants on the first day of...
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