Bank of England Warns of UK Recession Risk if AI Bubble Bursts

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L'essentiel

The Bank of England warns the UK faces recession risk if the AI stock bubble bursts, potentially causing a 2.2% GDP fall.
Governor Andrew Bailey cited "triple whammy" risks from overvalued AI stocks, slower adoption, and uncertain long-term winners, while ruling out new regulations.

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The Bank of England warns the UK faces recession risk if the AI stock bubble bursts, potentially causing a 2.2% GDP fall. Governor Andrew Bailey cited "triple whammy" risks from overvalued AI stocks, slower adoption, and uncertain long-term winners, while ruling out new regulations.

Read the full article on Politico EU

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This article was originally published by Politico EU.

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