Reuters -Artificial intelligence is hitting the global labour market “like a tsunami” International Monetary Fund Managing Director Kristalina Georgieva said on Monday.
Artificial intelligence is likely to impact 60 per cent of jobs in advanced economies and 40 per cent of jobs around the world in the next two years, Georgieva told an event in Zurich.
“We have very little time to get people ready for it, businesses ready for it,” she told the event organised by the Swiss Institute of International Studies, associated to the University of Zurich.
“It could bring tremendous increase in productivity if we manage it well, but it can also lead to more misinformation and, of course, more inequality in our society.”
Ms. Georgieva said the world economy had become more prone to shocks in recent years, citing the global pandemic in 2020, as well as the war in Ukraine.
Although she expected more shocks, particularly due to the climate crisis, remained remarkably resilient, she said.
“We are not in global recession,” said Ms. Georgieva, who was heckled by protesters calling for action on climate change and tackling developing world debt.
“Last year there were fears that most economies would slip into recession, that didn’t happen,” she said. “Inflation that has hit us with a very strong force is on the decline, almost everywhere.”
You can share this post!
Content
Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
The Dutch Public Prosecutor suspects two companies of paying bribes in the construction of hospitals in Sri Lanka, according to an investigation by FD, the Dutch financial newspaper.
The Government today tabled in the House the Report of the Commission to Inquiry into the Establishment and Maintenance of Unlawful Places of Detention and Torture Chambers in the Batalanda Housing Scheme.
The Minister of Power, Kumara Jayakody, stated that in the future, internationally funded projects, such as power projects, will only be carried out through government-to-government (G2G) agreements and competitive procurement.
Former President Ranil Wickremesinghe said today he wholly rejects the Batalanda Commission report and that it was appointed wholly with the intention slinging political mud at him.
Leave Comments