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Geopolitics, AI to slow global economy, grow inequality: Davos survey | Business and Economy News [Video]

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Geopolitical strife and tight financing conditions will slow global economic growth, while artificial intelligence (AI) will increase inequality, according to leading economists.

The survey, released by the World Economic Forum (WEF) on Monday before its annual meeting in the Swiss resort of Davos, weighed the analysis of 60-plus chief economists from both the private and public sectors.

More than half of the economists surveyed (56 percent) predict weakened global economic conditions but with differences across regions.

The majority foresee moderate or stronger growth in China and the United States, weak or very weak growth in Europe, and at least moderate growth in South Asia, East Asia and the Pacific.

“While technological advances may give new impetus to global productivity, policies that enhance good-quality growth are needed to revive global momentum and balance the impact across the income groups,” the survey stated.

Additionally, 70 percent of those surveyed expect financial conditions to loosen as inflation ebbs and the current tightness …

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