World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."
The World Bank has lifted its growth outlook for East Asia and Pacific to 4.5% this year. According to CNBC, the bank flagged that trade growth outside AI-related goods has been weak or negative.
The World Bank's updated forecast indicates a positive outlook for the region.
The Development Bank of Singapore, DBS, is supporting Singapore's push towards a more digitally connected economy and trusted AI hub, according to Straits Times Business. DBS is helping customers navigate a world reshaped by technology, shifting economic relationships and unprecedented change.
Brief written by urgent.news from CNBC, CNBC World, Straits Times Business — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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