AI could cause global economic downturn, Bank of England governor warns

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.

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Aug 31, 2026 - 09:31
AI could cause global economic downturn, Bank of England governor warns
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.
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