{
  "id": 14077019,
  "title": "IMF says AI investment keeps global growth around 3% but brings massive disruption",
  "url": "https://urgent.news/2026/10/12/imf-says-ai-investment-keeps-global-growth-around-3-but-brings-14077019",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-12T08:46:17.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/global/imf-says-ai-investment-keeps-global-growth-around-3-brings-massive-disruption"
  },
  "original_language": "en",
  "account": "International Monetary Fund (IMF) managing director Kristalina Georgieva warned that the rapid investment in artificial intelligence (AI) infrastructure is driving global growth to approximately 3% but also threatens to disrupt labor markets, taxation, and education. Speaking in Bangkok on October 12, Georgieva stated that AI is responsible for a \"demand shock\" and \"investment shock\" that 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. She emphasized that AI is already here, and its impact is significant.\n\nGeorgieva highlighted that AI could affect up to 40% of jobs, leading to augmentation, downgrade, or elimination. In advanced economies, this disruption could reach 60%. She noted that five decades of milestones and moments have shaped Singapore's success story, and AI will have profound consequences for jobs, growth, education, and taxation. The IMF forecasts global growth at 3% in 2026, but this outlook may change as more information becomes available.\n\nAI will have a transformative impact on how people work and live, according to Georgieva. An example is an AI assistant that provides her a brief schedule update each morning. The US, China, and India are the most significant producers in the AI supply chain, but many hardware suppliers are based in Asia, including Thailand.\n\nSingapore's President Tharman Shanmugaratnam stressed the need to address AI's impact on job opportunities for graduates, especially the first rung in employment. The World Bank President, Ajay Banga, expressed optimism that entry-level jobs would not be destroyed by AI but instead, disruption would occur in advanced economies building large AI models. The World Bank focuses on leveraging \"small AI\" to deliver productivity gains for farmers, health clinics, and teachers.",
  "summary": "‘Slow-moving tsunami’ expected to affect 40% of jobs, the institution’s chief Kristalina Georgieva adds",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "IMF says AI investment keeps global growth around 3% but brings massive disruption",
        "url": "https://urgent.news/2026/10/12/imf-says-ai-investment-keeps-global-growth-around-3-but-brings-13954062",
        "published": "2026-10-12T08:46:17.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "IMF says AI investment keeps global growth around 3% but brings massive disruption",
        "url": "https://urgent.news/2026/10/12/imf-says-ai-investment-keeps-global-growth-around-3-but-brings",
        "published": "2026-10-12T11:41:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}