While technological advances may give new impetus to global productivity, policies that enhance good-quality growth are needed to revive global momentum and balance the impact across the income groups, the survey stated.
AI is predicted to affect the world economy unequally. Overall, 94 percent of economists surveyed expect AI to radically boost productivity in high-income economies over the next five years, but just 53 percent predict a similar effect for low-income economies. Alongside geopolitical developments, the effect of AI is expected to stoke volatility in the global economy, 87 percent of economists predict. Six out of 10 (57 percent) also expect these conditions to increase inequality and widen the North-South divide in the next three years.
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