AI Growing Fast, But Most Economists Say It Won't Create Jobs: Report
A new World Economic Forum report indicates that while economists are more optimistic about global economic stability, they remain concerned about AI's impact on job creation. Most experts believe AI will boost productivity but will not lead to significant net job growth.
Why it matters
The findings underscore the tension between technological productivity gains and the potential for labor market disruption in the coming years.
The global economy is expected to remain stable or improve over the next year, but rising living costs, lower government support and uncertainty around artificial intelligence (AI) may affect growth, according to 56% of economists surveyed for a new World Economic Forum (WEF) report.This is a marked change from May, when 89% expected the situation to get worse.The WEF's Chief Economists' Outlook, released on Tuesday, stated that economists were still worried about several risks. Around 97% said conflicts between countries could create problems for the global economy over the next year. About 58% also expect asset prices to fall, while only around 25% believe the global economy will become stronger and better able to deal with future shocks.Government spending and fiscal support helped economies deal with several crises since 2020.
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