IMF Expects UK Economy to Be Big Growth Winner From AI Boom
- Analysis suggests AI can transform productivity and pay
- UK economy has been stuck in low growth malise in recent years
The International Monetary Fund headquarters in Washington, DC.
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The International Monetary Fund expects the UK economy to be one of the big winners from the artificial intelligence revolution, potentially transforming its anemic growth prospects and boosting wages.
It predicted in its World Economic Outlook published Tuesday that AI will increase productivity by 0.9% to 1.5% a year, a boost that could help lift Britain’s economy out of a long-running malaise. That is much stronger than the 0.1% to 0.8% annual productivity increase from AI across the global economy.