Investments in AI infrastructure look set to maintain the pace of global economic growth despite pressure resulting from global conflicts, with the IMF saying Asia is likely to be a notable beneficiary. “AI, love it, hate it, it’s already here,” the Washington-based lender’s managing director said ahead of the fall meetings of the Fund and the World Bank.
Overall, she said the “investment shock” would help bolster growth in advanced Asian economies by as much as a full percentage point, and in emerging ones by almost as much. JP Morgan’s chief economist went further in a note to clients, saying Asia’s expansion was “broadening from an overwhelmingly tech-led export boom toward more balanced growth from tech, non-tech exports, and capex.”
— Prashant Rao