Musk says AI could expand the global economy by 20% to 30%
Elon Musk says AI could expand the global economy by 20%-30%, double white-collar productivity and let 20 million to 30 million robots match working Americans.
Topic
Global Economy
Topic
Global Economy
Not a Cost-of-Living Crisis Yet: 10 of 99 Countries Pass IMF Spike Test
Essentials spiked in 10 of 99 countries this year, against 62 in 2022. The U.S. sits at the edge: pressure, not crisis, because p…
China Grew 4.5% Last Quarter, but Its Export Machine Risks Dragging the World
China's Q3 GDP grew 4.5%, powered by exports. A $938B surplus through September puts it on pace to beat last year's $1.2 trillion…
IMF Warns Global Economy's Defiance of Gravity Won't Last
Policymakers from 100+ countries met in Bangkok as the IMF warned that economies "defying gravity" rely on subsidies at an untena…
IMF's Georgieva: Growth Alone Won't Fix $40 Trillion US Debt
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IMF Raises 2026 Global Growth Forecast to 3.1%, Warns on AI and Debt
The IMF lifted its 2026 growth outlook to 3.1% from 3.0%, but flagged AI-driven market risks, a 40% hit to jobs and rising debt a…
32 Countries Now Drive 95% of Global Growth, IMF Warns
The IMF raised its 2026 global growth forecast to 3.1%, but 32 countries now generate 95% of all growth as AI demand and oil shoc…
IMF Lifts UK Growth Forecast as Chancellor Gains Fiscal Breathing Room
The IMF has raised its UK growth forecast. Economic counsellor Silvana Tenreyro says the UK "stands out" among G7 peers for havin…
IMF Warns Global Economy 'Could Soon Test the Limits of Resilience'
The IMF warns the global economy "could soon test the limits of resilience" as emergency oil stocks run low and budgets stretch —…
IMF Sees a K-Shaped Global Economy Splitting Winners From Losers
The IMF says the global economy is splitting K-shaped: countries shielded from the oil shock and riding AI demand pull ahead, and…
U.S. and China Swap Tariff Cuts on $30 Billion of Goods Each Way
Washington and Beijing cut tariffs on reciprocal product lists worth about $30 billion each, eliminating most country-specific du…