A Financial Times study predicts economic gains from AI in G20 countries

Benefits could extend beyond the US and China

A Financial Times survey of 94 economists from Asia, the United States, and Europe found that 54% expect significant economic and productivity gains in many or almost all G20 countries over the next decade. The findings suggest that even nations not leading AI development could benefit from the technology.

Risks for countries with limited infrastructure

Thirty-two participants warned that African countries with fragile infrastructure, such as Nigeria, Somalia, and Ethiopia, risk being left behind. Additionally, economies heavily reliant on service outsourcing, like the Philippines, may see their external activities impacted by automation.

Impact on the labor market

Most respondents do not anticipate a significant or lasting increase in unemployment. However, roles such as administrative functions, customer service, and routine cognitive tasks are among the most vulnerable to automation.

Outlook for Brazil and conclusion

The study does not provide a specific estimate for Brazil. Projections for many or almost all G20 countries do not equate to an individual forecast for the country.

The adoption of AI tools by businesses can boost productivity, enabling more output with the same resources. These projections refer to the next decade and not to gains already measured.