International Monetary Fund (IMF) chief Kristalina Georgieva said on 16 October that artificial intelligence (AI) helps boost productivity but can also become a factor in widening disparities within and between countries. She called on countries to strengthen policies and make better use of AI.
The annual autumn meeting of the IMF and the World Bank takes place this week in Washington, the US capital. Georgieva said this at a press conference held on 16 October. She added that the investment boom in AI is generating "optimism" and that global economic growth is currently at around 3 %. If growth momentum could be gained from AI development, it would be very important for the world.
The IMF, in its latest World Economic Outlook report released on 14 October, forecasts the global economy to grow by 3.2 % in 2025, with the growth rate slowing to 3.1 1 % in 2026. Georgieva said previous assessments have suggested that AI could contribute around 0.1 1 % to 0.8 % to global economic growth each year, a "substantial" contribution.
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