Business · Economy · 48 mins ago

IMF says AI investment could boost or weaken the global economy

IMF says AI investment could boost or weaken the global economy

The global economy has grown more strongly than the International Monetary Fund expected for three years in a row.

This has happened despite sharp increases in interest rates.

The IMF says large investments in artificial intelligence are helping offset the drag from higher energy prices.

AI could give the economy an even bigger lift.

But growth could suffer if share prices of AI companies fall sharply.

The IMF’s warning shows that the economic impact of AI could go in either direction.

No specific next steps are given.

Sources

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