AI, low productivity, and trade in focus at G30
Georgieva, Bailey and Lagarde speak on stretched AI evaluations and distortionary trade policies
Members of the Group of 30 on October 18 expressed deep concern over low productivity growth and global imbalances.
Kristalina Georgieva, managing director of the International Monetary Fund, warned that “the level of growth is not very impressive, and debt is very high”. She attributed slow growth to low productivity. Georgieva said the world does not have the luxury of time when it comes to making critical policy changes.
Productivity is not in a place where it is boosting growth in the world
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