AI could trigger a global economic crisis by 2028
Analysts at Citrini Research have modelled a scenario in which widespread adoption of artificial intelligence sparks a chain reaction in the global economy, potentially causing significant disruptions by 2027–2028. This matters because AI’s influence extends beyond individual sectors, threatening labour market stability and financial systems worldwide.
Source Incrypted
According to the model, companies will increasingly cut jobs, replacing workers with automation. This will boost business profits and lead to further investments in AI, but simultaneously depress incomes and reduce consumer spending. The consequences could include unemployment rising above 10%, markets dropping by about 38%, and increased issues with debt and mortgages. Additionally, there is a specific risk from AI agents potentially spending users’ money autonomously, shifting to stablecoins and blockchain technologies.
Experts thus warn of the risks tied to large-scale, uncontrolled AI deployment and stress the need to address them promptly to mitigate the impact on the global economy and society as a whole.
