Global Economic Growth Forecast Strengthened by AI Investments
Reviewing the conclusions of the Global Economic Prospects Report, released by the World Bank on January 13, Ayhan Kose characterized the upward adjustments in worldwide economic growth projections as "good news."
Elaborating on the factors behind the bank's decision to raise its global economic growth forecast from 2.4% to 2.6% for this year and from 2.6% to 2.7% for the following year, he told a news agency that the economies of the United States, China, and Europe had outperformed expectations.
He highlighted that the effects of changes in customs tariffs and trade uncertainties on growth were smaller than anticipated, adding: "International supply chains turned out to be much more resilient than expected."
Emphasizing that financial conditions are considerably stronger alongside stagnant inflation, Kose also noted that rising AI investments in certain nations contributed to supporting growth.
"We will see this year whether this is permanent or temporary, but the good news is that we have pulled growth up and expect growth to continue steadily in the next two years," he added.
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