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Artificial intelligence (AI) investment is helping sustain global economic growth at around 3%, with Asian economies benefiting from rising demand
for semiconductors and other technology hardware, International Monetary
Fund (IMF) Managing Director Kristalina Georgieva said on October 12.
Speaking during the IMF and World Bank annual meetings in Bangkok, Georgieva described AI as a major source of demand and investment, helping support economic activity despite disruptions to global energy supplies..
.
According to estimates she cited, AI could boost growth in advanced Asian economies by 0.5 to 1 percentage point, while emerging Asian economies could see gains of 0.2 to 0.8 percentage point.br>
Asia's position in the global technology supply chain is expected to play a key role in these gains. Economies supplying semiconductors and other hardware used in AI systems are positioned to gain from increased investment in computing infrastructure.
.
The benefits, however, may vary across economies, depending on their technology industries, manufacturing capabilities and export links..
.
Energy supply disruptions continue to weigh on the global economic outlook, creating additional challenges for businesses and policymakers.
The long-term economic impact will depend on whether business can convert AI investment into lasting productivity improvements.
Speaking during the IMF and World Bank annual meetings in Bangkok, Georgieva described AI as a major source of demand and investment, helping support economic activity despite disruptions to global energy supplies..
.
According to estimates she cited, AI could boost growth in advanced Asian economies by 0.5 to 1 percentage point, while emerging Asian economies could see gains of 0.2 to 0.8 percentage point.br>
Asia's position in the global technology supply chain is expected to play a key role in these gains. Economies supplying semiconductors and other hardware used in AI systems are positioned to gain from increased investment in computing infrastructure.
.
The benefits, however, may vary across economies, depending on their technology industries, manufacturing capabilities and export links..
.
Energy supply disruptions continue to weigh on the global economic outlook, creating additional challenges for businesses and policymakers.
The long-term economic impact will depend on whether business can convert AI investment into lasting productivity improvements.
