According to the new report issued by the Bank for International Settlements, the reason why the world economy did not collapse despite major geopolitical, economic, and environmental (sic) disruptions is that it was driven by the AI bubble, which kept growing despite all odds.
“The global economy displayed surprising resilience despite successive shocks, from tariffs to the Middle East conflict. This was partly driven by optimism around progress in artificial intelligence (AI), which fuelled large AI-related investments and sustained accommodative financial conditions,” the BIS wrote in the report introduction.
