IMF says AI investment is keeping global growth near 3%

IMF chief Kristalina Georgieva said on Monday that spending on AI infrastructure is helping the world economy grow by about 3% each year, even though energy prices are high.

She made these comments in Bangkok at the start of the IMF and World Bank annual meetings, according to Reuters.

According to Georgieva, Asian economies that produce AI hardware, like Thailand, benefit the most. She estimated that advanced Asian economies could see growth increase by 0.5 to 1 percentage point, while emerging Asian economies might gain 0.2 to 0.8 points.

The scale of that trade is large. In a speech in Singapore last week, Georgieva said AI hardware and related tech products now account for more than a tenth of global trade in goods.

Apart from the US, China, and India, most leading countries in this trade are Asian suppliers of chips, chip-making equipment, and robots.

This demand is rising...

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