Economy · World
OECD revises global growth forecasts, citing AI and energy shocks
The Organisation for Economic Co-operation and Development (OECD) has revised its global economic growth forecasts, predicting less growth than previously expected for the UK next year. The OECD suggests that higher energy prices, potentially exacerbated by the conflict in the Middle East and climate change, could impact growth. However, the organization also anticipates that a boom in Artificial Intelligence (AI) may help to offset the immediate effects of the energy shock.
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- Centre (3): BBC News, Reuters, The Globe and Mail