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Matthias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), has asserted that the ongoing surge in AI investment, which is propelling global economic growth, will not only continue but also deliver sustained, long-term advantages. Earlier this month, the OECD revised upwards its growth projections for several key economies, notably the United States. It highlighted that amidst prevailing trade uncertainties, technology expenditure has served as a stabilizing force. Nevertheless, Cormann also cautioned that the OECD anticipates a deceleration in the global economic growth rate, from 3.2% in 2025 to 2.9% the following year, with the possibility of trade-related disruptions exacerbating the situation.
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