Data● Neutral for Indian equities
World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The brief
- The World Bank expects East Asia and Pacific growth of 4.5% this year
- Trade growth outside AI-related goods has been “weak or negative”
- Around 75% of firms in India are still not using artificial intelligence, with AI adoption remaining uneven across the economy : World Bank
- South Asia growth holds firm, but energy shock, weather pose risks, says World Bank economist
- Asia's economic buffers too thin to keep absorbing oil shock: World Bank
- Asia’s Buffers Too Thin to Keep Absorbing Oil Shock: World Bank
- MPC may reverse last rate cut, no big hiking cycle seen: Neelkanth Mishra