Artificial intelligence and technologies of the future provide major support for the global economy, Nouriel Roubini, CEO of Roubini Macro Associates and economist, said during his speech at the Second Azerbaijan International Investment Forum (AIIF 2026) in Baku, APA reports.
He said that the resilience demonstrated by the global economy and financial markets despite a number of major negative supply shocks in recent years can be explained mainly by two factors: market discipline and the opportunities created by technological developments related to artificial intelligence.
According to Roubini, the reaction of financial markets forces governments to take into account the economic consequences of their decisions.
“Whether in bond, equity, credit or oil markets, investors are a factor constraining policy. When policy is not rational, they force even powerful governments such as the United States to take the right steps,” Roubini emphasized.
The economist cited the reaction of financial markets to tariffs imposed by US President Donald Trump last year as an example. He noted that following the increase in tariffs, the US stock market experienced a significant decline, bond yields rose and the dollar weakened.
Roubini said that, taking into account that the resulting financial pressure could lead to an economic recession, the US administration subsequently took steps to reduce tariffs.
He also said that artificial intelligence and new technologies have become an important growth driver for the global economy.
“We are in the midst of one of the greatest periods of technological innovation in human history. Artificial intelligence and technologies of the future provide major support for the global economy,” Roubini said.
According to the economist, investment in artificial intelligence is not limited to the United States and China. Other countries involved in supplying the raw materials and energy necessary for the development of these technologies can also benefit from the growth in global investment.
Concluding his remarks, Roubini noted that capital investment in artificial intelligence and technologies is global in nature and contributes to the resilience of the world economy.
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