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, International Monetary Fund Managing Director Kristalina Georgieva said on Monday.
The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, stated on Monday that strong investment in AI infrastructure is maintaining global growth at around 3%, with significant benefits for Asian economies that supply the hardware, such as Thailand. Georgieva explained that the AI investment boom is already generating both a demand and an investment shock, which could boost growth in advanced Asian economies by half to one percentage point and in emerging Asian economies by 0.2 to 0.8 percentage point.
Despite the energy supply shock, the world economy is growing at this rate, according to Georgieva. She emphasized that AI is already a part of our lives and that it is crucial to recognize and adapt to the profound consequences it will have on jobs, growth, education, and government revenue.
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