The International Monetary Fund (IMF) keeps its global growth forecast for this year largely unchanged, attributing the stability in part to a surge in artificial intelligence activity that offsets economic headwinds from the Middle East conflict. According to the IMF’s updated World Economic Outlook, fallout related to the war, including spillovers to energy markets and oil prices, continues to affect parts of the global economy. At the same time, the IMF highlights that the growing momentum behind AI—through investment, productivity expectations, and related economic activity—provides support to growth. The IMF does not significantly revise the overall forecast upward or downward from its prior outlook, suggesting that the positive contribution from AI is viewed as roughly balancing the negative impact from the conflict-related disruption. The assessment is presented in connection with the IMF’s updated report and related commentary from IMF research leadership, including Deputy Director Petya Koeva Brooks. Overall, the IMF’s message is that multiple shocks are moving in opposite directions, leaving the net outlook for global growth broadly steady for the year.
IMF Says AI Boom Helps Offset Middle East Fallout, Keeps 2024 Growth View Mostly Unchanged
The International Monetary Fund (IMF) keeps its global growth forecast for this year largely unchanged, attributing the stability in part to a surge in artificial intelligence activity that offsets ec...
- The IMF leaves its global growth forecast for this year largely unchanged.
- The IMF says an AI boom helps offset fallout from the Middle East conflict.
- The conflict’s impact is linked to disruptions that include oil-price and energy-market effects.
- The IMF’s assessment is included in an updated World Economic Outlook report.
- IMF research leadership, including Petya Koeva Brooks, discusses the forecast in connection with the update.
The International Monetary Fund left its global growth forecast largely unchanged for this year, saying that the boom in artificial intelligence helped offset the fallout from conflict in the Middle East. Petya Koeva Brooks, Deputy Director of the IMF's Research Department, discusses the updated World Economic Outlook report on Bloomberg Open Interest. (Source: Bloomberg)
2 hours agoThe International Monetary Fund left its global growth forecast largely unchanged for this year, saying that the boom in artificial intelligence helped offset the fallout from the conflict in the Middle East.
5 hours agoThe International Monetary Fund left its global growth forecast largely unchanged for this year, saying that the boom in artificial intelligence helped offset the fallout from the conflict in the Middle East.
5 hours ago
OpenAI rolls out upgraded ChatGPT voice mode with GPT-Live-1
OpenAI is updating ChatGPT’s voice mode with a new system it describes as more natural and more conversational. Multiple...
EU General Court rejects Apple’s challenge to App Store and iOS gatekeeper designations
Apple loses an appeal in the European Union over its designation as a “gatekeeper” under the Digital Markets Act (DMA),...
Google Photos introduces “Video Remix” feature using Gemini Omni for AI subscribers
Google is rolling out a new “Video Remix” capability in Google Photos that uses Gemini Omni to let users reimagine video...