IMF chief warns AI will impact labor forces significantly

Arab News May 14, 2024, 11:00 AM UTC

Summary: IMF Managing Director warns AI will impact 60% of jobs in advanced economies and 40% globally in 2 years. Urges readiness for productivity gains and inequality risks. Global economy resilient despite shocks like pandemic and war. Inflation declining, Swiss inflation at 1.4%. SNB Chairman optimistic about stable inflation but notes uncertainty. Event held in Zurich discusses AI's impact on labor market and inflation trends.

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