World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%

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 revised growth forecast is the same in reports from CNBC and CNBC World.

The Straits Times Business report also mentions DBS, a major bank in South-east Asia, and its efforts to support Singapore's push towards a more digitally connected economy and trusted AI hub. However, it does not provide information that overlaps with the World Bank's growth outlook.

Brief written by urgent.news from CNBC World, CNBC, Straits Times Business — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.