IMF Says AI Investment Keeps Global Growth Near 3%, Lifts Asia by Up to 1 Point
Updated
Updated · Bangkok Post · Oct 12
IMF Says AI Investment Keeps Global Growth Near 3%, Lifts Asia by Up to 1 Point
3 articles · Updated · Bangkok Post · Oct 12
Summary
AI infrastructure spending is keeping the world economy growing at about 3% despite an energy supply shock, IMF Managing Director Kristalina Georgieva said in Bangkok.
The IMF described the boom as both a demand shock and an investment shock, with advanced Asian economies gaining 0.5 to 1 percentage point of growth and emerging Asian economies 0.2 to 0.8 point.
Thailand and other Asian hardware suppliers are among the main beneficiaries because they provide the equipment underpinning the AI buildout.
The remarks suggest AI capital spending is now offsetting a major global drag from tighter energy supplies, making Asia a key transmission channel for that support.