IMF says AI investment keeps global growth around 3%, with major Asia benefits
Strong investment in AI infrastructure is keeping global growth ‌at around 3%, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, said Kristalina Georgieva, managing director of the International ‌Monetary Fund.
Kristalina Georgieva, the International Monetary Fund's managing director, told the IMF and World Bank annual meetings in Bangkok that strong investment in AI infrastructure is keeping global growth around 3%. This growth is particularly benefiting Asian economies that supply the necessary hardware, such as Thailand. Georgieva explained that the boom in AI investment is a demand shock and an investment shock that could boost growth in advanced regional economies by half to one percentage point, and in emerging Asian economies by 0.2 to 0.8 percentage points.
Despite this, the world economy is still growing at around 3%, with the energy supply shock dragging it down.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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