Bank of England governor: AI could cause global economic downturn

NAMPA / DPA

2026-08-31

London (PA Media/dpa) - Artificial intelligence could unleash a global economic downturn, the governor of the Bank of England has warned in a letter to governments from around the world. Andrew Bailey said that a "future market correction" could spread across the world if the AI bubble bursts, in a letter to G20 finance ministers who are currently meeting in North Carolina in the United States. Bailey warned in his letter of the "volatility" caus......

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