The expansion of artificial intelligence is driving growth, but it could also worsen inequalities and requires greater global cooperation at a time when economic prospects remain uncertain due to the energy shock and record levels of public debt, warned International Monetary Fund (IMF) Managing Director Kristalina Georgieva, according to the British agency Reuters.
“The global economy is caught between a negative energy supply shock and a positive demand shock linked to artificial intelligence. The combined impact of these two forces is highly uneven,” Kristalina Georgieva said today during a speech in Singapore.
Her statement came ahead of the IMF’s annual meetings, which will be held next week in Bangkok.
“Whether we love it, hate it, or fear it, artificial intelligence is rapidly becoming a key driver shaping countries’ paths to prosperity,” Georgieva warned.
According to IMF data, electronic components and technological products related to artificial intelligence already account for more than one tenth of global goods trade.
The goal now is not only to stimulate short-term demand through infrastructure development, but also to increase long-term productivity resulting from its application, Georgieva emphasized.
In addition, the positive economic impact of artificial intelligence is being offset by persistently high energy prices and the financial condition of states, characterized by high debts and deficits, which limits the flexibility of fiscal policy.
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