IMF and OECD warn AI may widen gap between rich and poor nations
IMF and OECD officials say artificial intelligence could boost global growth but risk leaving developing economies, small firms and young workers behind without better access to power, digital infrastructure and skills.
Officials from the International Monetary Fund and the Organisation for Economic Co-operation and Development warned that while artificial intelligence has the potential to lift global growth, it could also deepen disparities between wealthy and low-income nations. IMF deputy director Era Dabla-Norris told one outlet forum that AI might contribute as much as 0.5 % to yearly global growth, but current productivity evidence is limited.
The OECD projects AI could raise annual productivity between 0.4 % and 1.2 % across its member economies, yet chief economist Stefano Scarpetta said adoption in core business tasks lags behind consumer use, creating a gap between exposure and actual implementation. The institutions cautioned that without reliable electricity, digital networks and skill development, developing economies, small firms and younger workers risk being excluded. The warning comes amid reports of major layoffs at companies like Barclays, which plans to cut about 5,000 jobs, eBay, slated to shed 9 % of its staff, and Qualcomm, which expects a performance-driven reduction, highlighting fears that AI could replace tasks that traditionally provide on-the-job training.
Why it matters
AI growth could boost economies but also widen inequality if developing regions lack the needed infrastructure and skills.
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