IMF chief: SI investment is supporting global growth of about 3%, and the effect on jobs is like a "slow-moving tsunami"
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
By the IMF's estimate, SI already supports economic growth, while the reshaping of the labor market will take years.
IMF Managing Director Kristalina Georgieva said at the IMF and World Bank meetings in Bangkok that spending on SI infrastructure is supporting global growth of about 3%. By her estimate, advanced Asian economies could add 0.5-1 percentage points of growth and emerging ones 0.2-0.8. She compared the effect of SI on the labor market to a "slowly approaching tsunami": by IMF estimates, about 40% of jobs worldwide could be affected, 60% in rich countries and 23% in the poorest; entry-level positions for graduates face the earliest risk.