Global recession and the end of the middle class: What ‘AI exuberance’ could do to the world
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Source: The Age
Published: 2026-06-28 19:00 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Australia, Technology & AI, Economy & Finance, Labour & Workers, World News, Business & Economy, Technology
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Snippet:
One of the world’s most respected economic institutions has warned the AI boom powering the Australian and global economy could create an international recession with the technology obliterating middle-class jobs along the way.
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