A new study has revealed that the rapid advancement of artificial intelligence could become a major and complex challenge for the global economy by 2028, with significant effects likely to emerge within the next few years. The research warns that without timely economic policy adjustments, this technological progress may generate unexpected economic pressures.
According to a report issued by Citrini Research, while artificial intelligence is expected to increase corporate profits and overall gross domestic product, it could simultaneously lead to a sharp rise in unemployment. The report suggests that economic growth may strengthen, but employment opportunities could decline considerably.
The report, titled “The 2028 Global Intelligence Crisis,” was prepared by analyst Alpha Shah and presents a detailed assessment of a potential future global economic scenario shaped by artificial intelligence.
It highlights a scenario in which artificial intelligence could take over a large portion of professional and office based jobs, including roles in computer programming, financial analysis, and customer support. As a result, widespread job displacement may occur.
The study indicates that unemployment rates could exceed 10 percent, while the major United States stock market index 500 could fall by nearly 40 percent from its peak, potentially impacting the broader global financial system.
The report also uses the term “ghost GDP,” referring to a situation in which production increases but a large share of income flows primarily to capital owners rather than ordinary consumers.
It further explains that in the United States, where consumer spending accounts for nearly 70 percent of gross domestic product, such an imbalance could create severe economic pressure and negatively affect overall economic activity.
Additionally, the report warns that private credit markets, particularly loans linked to software companies, as well as the 13 trillion dollar United States mortgage market, could also face significant risks, potentially undermining financial stability.
According to the research institution, the issue is not technological failure but rather its overwhelming success. If governments fail to reform tax systems and economic structures in a timely manner, the potential crisis could deepen further.
