AI’s Economic Benefits Surpass Emissions Concerns According to IMF

by News Editor

April 27, 2025

The International Monetary Fund (IMF) has recently highlighted the potential economic benefits of artificial intelligence (AI), projecting a global output boost of approximately 0.5% per year from 2025 to 2030. This growth is expected to surpass the environmental costs associated with higher carbon emissions from AI-driven data centers.

The report, showcased at the IMF’s spring meeting, emphasizes the need for equitable distribution of these economic gains while managing the adverse effects on our climate. The forecast indicates that AI’s contribution to GDP growth will outweigh the financial impacts of emissions, though it points out the necessity for policymakers and businesses to mitigate societal costs.

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Energy Demands and Environmental Footprint

AI is set to escalate global electricity demand, potentially reaching 1,500 terawatt-hours (TWh) by 2030, mirroring the energy consumption of countries like India today.

The increasing demand for data processing capacity could result in higher greenhouse gas emissions, but the AI industry aims to offset these with advancements in renewable energy technologies.

AI: A Driver for Energy Efficiency?

Analysts suggest that AI could potentially reduce carbon emissions through improved energy efficiency, fostering advancements in low-carbon technologies across sectors such as power, food, and transport. Grantham Research Institute stresses the significance of strategic action from governments and industries to facilitate this transition.

The role of AI in the global economy continues to evolve, stirring debates not only about its economic potential but also its environmental impact.

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Cyprus GDP Growth Accelerates To 3.3% In Q2 2026 As Employment Rises

by THEFUTURE.TEAM

September 9, 2026

Cyprus’ seasonally adjusted GDP grew 0.8% in the second quarter of 2026 from the previous quarter, while employment increased 0.5%, according to Eurostat data.

Compared with the second quarter of 2025, GDP rose 3.3% and employment increased 1.6%. Quarterly economic growth accelerated from 0.5% in the first quarter.

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Cyprus Growth Picks Up In Second Quarter

The 0.8% quarterly expansion followed growth of 1.2% in the fourth quarter of 2025 and 0.8% in the third quarter. Annual growth also accelerated to 3.3% from 3% in the first quarter, after reaching 4.2% in the fourth quarter and 3.5% in the third quarter of 2025.

Employment growth resumed after remaining unchanged in the first quarter. The 0.5% quarterly increase followed gains of 0.7% in the fourth quarter and 0.5% in the third quarter of 2025.

Annual employment growth slowed to 1.6% in the second quarter from 2% in both the first quarter of 2026 and the fourth quarter of 2025. Growth stood at 1.4% in the third quarter of 2025.

EU Growth Strengthens

Across the EU, GDP increased 0.7% in the second quarter from the previous quarter, while euro area output rose 0.6%. Both figures marked a sharp acceleration from the first quarter, when EU GDP grew 0.1% and euro area GDP was unchanged.

Year on year, GDP increased 1.4% in the EU and 1.2% in the euro area, up from 0.9% and 0.6%, respectively, in the previous quarter.

Ireland recorded the strongest quarterly growth at 10.2%, followed by Slovenia at 1.8% and Lithuania at 1.7%. Austria was the only member state to record a contraction, with GDP falling 0.1%.

Consumption And Trade Support Growth

Household consumption contributed 0.2 percentage points to quarterly growth in both the euro area and the EU. Net exports added 0.9 percentage points in the euro area and 0.8 points in the EU.

Inventory changes reduced growth by 0.5 percentage points in both regions. Gross fixed capital formation had little impact in the euro area and added 0.1 percentage points in the EU.

Employment increased 0.1% quarter on quarter in both the euro area and the EU. Annual employment growth reached 0.5% in the euro area and 0.4% in the EU, with 221.4 million people employed across the EU and 176.4 million in the euro area.

Hours worked increased 0.1% in both regions from the previous quarter. Compared with a year earlier, hours worked rose 0.7% in the euro area and 0.8% in the EU.

Employment Trends Vary Across Europe

Portugal recorded the strongest quarterly employment growth at 1%, followed by the Czech Republic and Malta at 0.9% each. Finland saw the largest decline, at 0.8%, followed by Greece at 0.4%.

In the United States, GDP increased 0.4% from the previous quarter and 2.1% year on year.

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