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Kristalina Georgieva, head of the International Monetary Fund (IMF), warns that artificial intelligence poses a significant threat to jobs globally, estimating around 40% of all jobs could be altered or eliminated by AI technology. Speaking at the IMF’s annual meeting in Bangkok, she described AI's impact as a "slow-moving tsunami" and highlighted particular risks for young people entering the job market due to potential loss of entry-level positions. The article focuses on the economic implications of AI, including its effects on public finances through reduced income tax revenues, and discusses how it is simultaneously driving an investment boom that sustains global growth despite challenges like rising energy prices.
Written locally by qwen2.5:14b on 2026-10-12,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
At the International Monetary Fund's (IMF) annual meetings in Bangkok, Thailand, IMF Managing Director Kristalina Georgieva warned that artificial intelligence (AI) is a "slow-moving tsunami" poised to eliminate around 40% of all jobs globally. She stated that AI will transform how people work and live, impacting entry-level job opportunities crucial for young workers starting their careers. Georgieva emphasized the need to address these challenges proactively as AI technology continues to evolve and impact labor markets worldwide.
Written for “AI Job Displacement Warning” on 2026-10-12,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted
verbatim and was checked against the article text before being
stored, so you can find it in the original.
Leaning: leans left for article 74489 (high confidence, 1 verified quote) · logged 2026-10-12
Artificial intelligence is ‘a slow-moving tsunami’ that will wipe out jobs around the world and destroy opportunities for the young, the head of the International Monetary Fund has warned.
asserted
head → move → Fund
At the start of the Fund’s annual meetings in Bangkok, Kristalina Georgieva said around 40 per cent of all jobs will eventually be ‘augmented, downgraded or eliminated’ by the technology.
asserted
cent → say → technology
‘It is a slow-moving tsunami but a tsunami nonetheless,’ she said.
asserted
she → move → ?
It so completely changes how we work, how we live.
asserted
we → change → ?
It is here, and we are already seeing the first wave of impact.’
asserted
we → see → impact
IMF managing director Kristalina Georgieva at the organisation's annual meeting in Bangkok, Thailand
Georgieva warned that the young will bear the brunt of the AI boom if entry-level jobs are wiped out – robbing them of opportunities to start their careers.
asserted
jobs → warn → careers
‘People to worry about, first and foremost, are young people that are coming into the labor market,’ she said.
asserted
she → worry → market
‘Normally, they would get into these routine, repetitive jobs and then grow up the ranks.’
asserted
they → get → ranks
Speaking at the same event in Thailand, Singapore President Tharman Shanmugaratnam sounded the alarm over the impact on graduates.
asserted
Shanmugaratnam → speak → graduates
‘There is a particular problem that we have to address very soon and that is that the first rung in employment, your first job upon graduation, is now seeing less demand,’ he said.
asserted
he → be → demand
Georgieva said the impact on jobs would also hit the public finances because taxes on income are a major source of revenue for governments – including in the UK.
asserted
taxes → say → UK
Concern about prospects for the young is mounting in the UK with nearly one million aged between 16 and 24 now classed as NEETs – not in employment, education or training.
asserted
million → mount → employment
Former Labour cabinet minister Alan Milburn, who is leading a major review into Britain’s youth jobs crisis, has warned of the risks of a ‘lost generation’ as AI and automation threaten entry-level jobs.
asserted
AI → lead → jobs
He is due to publish his report after this month’s Budget.
asserted
He → publish → Budget
Advertising guru Sir Martin Sorrell warned job prospects in Britain have been hit by the rising cost of employing staff – such as Labour’s national insurance hike and new rights for workers.
asserted
prospects → warn → workers
Warning of ‘restrictions on hiring people’ in the UK, he told the Daily Mail: ‘The changes in the labour laws, the cost of hiring people and the inflexibility is making people more cautious about hiring.
asserted
people → warn → people
With AI coming down the track, AI will increasingly replace labour as a result.’
But while AI is posing a threat to jobs and tax receipts, Georgieva said it is has also triggered an investment boom that is keeping global growth at around 3 per cent despite soaring energy prices stemming from conflict in the Middle East.
asserted
that → come → East
‘That shift into higher gear is what is keeping the world economy growing at around 3%, despite the fact we are being dragged down by the energy supply shock,’ she said.
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she → keep → shock
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uncertain
This → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
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they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
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