IMF chief warns AI boom and debt threaten global growth

Summarised from 2 outlets · Updated 7 Oct, 08:24 · Archive

The IMF's Kristalina Georgieva warns that AI investment, energy shocks and public debt threaten global economic growth.

The International Monetary Fund's managing director Kristalina Georgieva has warned that three forces threaten global economic growth: artificial intelligence investment, energy price shocks and record public debt levels. The combined impact of these pressures is uneven across the world, according to Georgieva.

The IMF chief said AI is both a source of hope and a hazard for world leaders. While the technology is lifting growth expectations, it is simultaneously pushing up inflation and bond yields at a time when governments are already burdened by historically high debt levels. Brent crude oil was trading above $101 a barrel as Georgieva made her remarks.

How it is being reported

• IMF chief warns energy shock, public debt and AI boom threaten global growth – business liveKristalina Georgieva’s warning comes as Brent crude rises above $101 a barrel Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The global economy is under threat from the energy price shock, record public debt and the AI investment boom, according to the International Monetary Fund’s managing director Kristalina Georgieva . The combined impact of these two forces is highly uneven across the world, A sense of calm returned to European bond markets with French, Italian and Greek bonds outperforming amid a broad rally. 11.30am BST: UK…Guardian Business · 7 Oct, 07:59
• Why AI is both the hope and the hazard for world leaders, according to IMF chief GeorgievaKristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.CNBC · 7 Oct, 07:16

In this story: Kristalina Georgieva · International Monetary Fund

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