Artificial Intelligence will affect almost 40% jobs globally: IMF report | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
July 14, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JULY 14, 2025
Artificial Intelligence will affect almost 40% jobs globally: IMF report

Global Economy

TBS Report
15 January, 2024, 09:05 am
Last modified: 15 January, 2024, 11:39 am

Related News

  • Dubai to debut restaurant operated by an AI chef
  • Google hires Windsurf execs in $2.4 billion deal to advance AI coding ambitions
  • No invitation for observers who certified last 3 elections as credible: CEC
  • The invisible heist: How AI is stealing from newsrooms
  • Negative reporting forced govt to clarify NBR reform plans to IMF: Finance adviser

Artificial Intelligence will affect almost 40% jobs globally: IMF report

In advanced economies, about 60 per cent of jobs may be impacted by AI

TBS Report
15 January, 2024, 09:05 am
Last modified: 15 January, 2024, 11:39 am
Artificial intelligence has the potential to transform higher education fundamentally. Photo: Wikimedia Commons
Artificial intelligence has the potential to transform higher education fundamentally. Photo: Wikimedia Commons

Artificial intelligence (AI) is projected to impact nearly 40% of global jobs, with advanced economies expected to bear a greater share of the consequences compared to emerging markets and low-income countries, according to an analysis by the International Monetary Fund (IMF) reported by Bloomberg.

IMF Managing Director Kristalina Georgieva wrote in a blog post that, in most scenarios, AI is likely to exacerbate overall inequality and called for proactive measures by policymakers to prevent the technology from further intensifying social tensions.

The impact of AI on income inequality will hinge on how well the technology complements high earners. Increased productivity from high-income workers and companies could widen the wealth gap, Georgieva explained.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the IMF chief, countries should implement "comprehensive social safety nets" and retraining programs for vulnerable workers to mitigate these effects.

The IMF report, published on Sunday (14 January) evening, highlighted that, while there is potential for AI to fully replace some jobs, the more probable scenario is that it will complement human work. Advanced economies may witness about 60% of jobs affected, surpassing the impact on emerging and low-income countries.

However, the report noted that only half of the jobs affected by AI will face negative consequences; the rest may benefit from enhanced productivity gains due to AI integration.

"Your job may disappear altogether - not good - or artificial intelligence may enhance your job, so you actually will be more productive and your income level may go up," Georgieva wrote.

Georgieva's comments align with discussions at the World Economic Forum in Davos, where global business and political leaders are deliberating on AI. Some companies have raised concerns among employees by investing heavily in AI, with examples such as Buzzfeed Inc. using AI for content creation and restructuring its news department.

While the European Union has reached a tentative deal on AI legislation, the US is still considering its federal regulatory stance on the matter.

The IMF report predicts that emerging markets and developing economies will experience a smaller initial impact from AI on labour markets but are also less likely to benefit from the productivity gains that AI integration may bring.

The IMF chief stressed the importance of helping low-income countries seize the opportunities presented by artificial intelligence.

While addressing the potential challenges of AI, she acknowledged its tremendous opportunity for everyone.

She also acknowledged the need for an AI-related productivity boost to sustain global economic growth, emphasising the importance of unlocking productivity for a positive global narrative.

The IMF is set to publish updated economic forecasts later this month, indicating that the global economy is broadly on track to meet previous projections.

Georgieva cautioned that 2024 is likely to be a "very tough year" for fiscal policy worldwide due to countries addressing debt burdens from the Covid-19 pandemic and managing depleted buffers.

With billions of people heading to the polls this year, Georgieva expressed concern that governments might face pressure to increase spending or cut taxes to gain popular support, potentially undermining progress made in the fight against high inflation.

Tech / Top News / World+Biz

AI / Global job market / Job market / Artificial Intelligence / IMF / Kristalina Georgieva

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • TBS Sketch
    Framework agreement: What experts say about US 'security concerns' regarding Bangladesh
  • Representational image. Photo: Mohammad Minhaj Uddin/TBS
    Navy-run Dry Dock takeover boosts Ctg Port container handling, daily avg up 7%
  • BNP Secretary General Mirza Fakhrul Islam Alamgir speaks at a book unveiling event in Dhaka on 13 July 2025. Photo: Collected
    Fakhrul alleges conspiracy to eliminate Tarique from politics

MOST VIEWED

  • RAB Director General AKM Shahidur Rahman speaks at the press briefing on a fake bomb threat on Biman Bangladesh flight on Saturday, 12 July 2025. Photo: TBS
    Mother faked bomb threat on Biman flight to stop married son from flying with girlfriend: RAB
  • Bangladeshi garment workers make clothing in the sewing section of a factory in Gazipur, Bangladesh, April 9, 2025. Photo: REUTERS/Mohammad Ponir Hossain/File Photo
    Some Walmart garment orders from Bangladesh on hold due to US tariff threat
  • Infographic: TBS
    Dollar price plummets by Tk2.9 in a week as demand wanes
  • From Gulf to Southeast Asia, why Bangladeshis are facing visa denials
    From Gulf to Southeast Asia, why Bangladeshis are facing visa denials
  • Bangladesh and US hold tariff talks on 11 July 2025. Photo: CA Press Wing
    Dhaka, Washington yet to agree on 20% of US tariff conditions: BGMEA
  • Energy Adviser Fouzul Kabir Khan speaking about tariff negotiations with United States on 13 July 2025. Photo: TBS
    US wants a framework agreement with Bangladesh that includes their security concerns: Fouzul

Related News

  • Dubai to debut restaurant operated by an AI chef
  • Google hires Windsurf execs in $2.4 billion deal to advance AI coding ambitions
  • No invitation for observers who certified last 3 elections as credible: CEC
  • The invisible heist: How AI is stealing from newsrooms
  • Negative reporting forced govt to clarify NBR reform plans to IMF: Finance adviser

Features

Photo: Collected

Grooming gadgets: Where sleek tools meet effortless styles

7h | Brands
The 2020 Harrier's Porsche Cayenne coupe-like rear roofline, integrated LED lighting with the Modellista special bodykit all around, and a swanky front grille scream OEM Plus for the sophisticated enthusiast looking for a bigger family car that isn’t boring. PHOTO: Ahbaar Mohammad

2020 Toyota Harrier Hybrid: The Japanese Macan

1d | Wheels
The showroom was launched through a lavish event held there, and in attendance were DHS Motors’ Managing Director Nafees Khundker, CEO Imran Zaman Khan, and GMs Arman Rashid and Farhan Samad. PHOTO: Akif Hamid

GAC inaugurate flagship showroom in Dhaka

1d | Wheels
After India's visa restriction, China's Kunming is drawing Bangladeshi patients

After India's visa restriction, China's Kunming is drawing Bangladeshi patients

2d | Panorama

More Videos from TBS

When the Threat Is Inside the White House

When the Threat Is Inside the White House

1h | Others
Shooting in Pallabi: What the police are saying

Shooting in Pallabi: What the police are saying

2h | TBS Stories
News of The Day, 13 JULY 2025

News of The Day, 13 JULY 2025

4h | TBS News of the day
Countries where Bangladeshis are not getting positive responses to their visa applications

Countries where Bangladeshis are not getting positive responses to their visa applications

3h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net