Bangkok:- The International Monetary Fund (IMF) has released a new report on the global economy. According to the report, global economic growth is expected to be 3.1 per cent this year, slightly lower than the 3.5 per cent recorded last year.
Despite rising crude oil prices and the burden of inflation, growing demand for artificial intelligence (AI) has helped support the global economy. Oil prices are expected to reach $96 per barrel this year, which could further increase inflation.
India is expected to remain the world's fastest-growing major economy, with a growth rate of 7 per cent. In comparison, China's growth rate is projected to be 4.5 per cent, while that of the United States is expected to stand at 2.3 per cent.
IMF Managing Director Kristalina Georgieva said AI would affect nearly 40 per cent of jobs worldwide. Many jobs could change or disappear as a result. The organisation has advised all countries to remain cautious about rising debt.
