The global economy is at a crossroads due to the impact of artificial intelligence, facing a potential recession regardless of AI’s trajectory. Employment growth is stagnant and wage increases are slowing, especially for lower-income jobs. Rising loan delinquencies and bankruptcies reflect growing financial strain, while consumer confidence has significantly dropped. Additionally, policy decisions such as trade restrictions, immigration clampdowns, and government shutdowns are exacerbating economic challenges, affecting sectors from agriculture to healthcare.
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