AI Dip Tests Price Fight

IMF Managing Director Kristalina Georgieva warned that a slowdown in AI-driven growth would make the fight against inflation more complex, urging central banks to take it into account when deciding their next steps. She said the investment boom is supporting growth in some countries, but is also intensifying inflationary pressures and financial stability risks amid market volatility and concerns about the returns on massive spending. The IMF warned that a sharp decline in these investments could reduce global GDP by 1.1% by 2028 and U.S. GDP by 1.8%.

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