https://www.live-feeds.com/feed/ai-could-cause-global-economic-downturn-andrew-bailey-warns-g20Continuously updated, source-cited coverage. https://www.live-feeds.com/feed/ai-could-cause-global-economic-downturn-andrew-bailey-warns-g20https://www.live-feeds.com/feed/ai-could-cause-global-economic-downturn-andrew-bailey-warns-g20#u54339Wed, 02 Sep 2026 04:01:20 +0000Bank of England Governor Andrew Bailey warned the G20 that new AI models pose a growing threat to global financial stability and could cause a global economic downturn. The Financial Stability Board (FSB) also flagged AI-driven cyber risk as a top concern for financial stability. This warning comes as the global economy is already facing numerous challenges.Why it mattersThe warning from Bailey and the FSB highlights the potential risks associated with the increasing use of AI in the financial sector. The use of AI models in finance has grown rapidly in recent years, and regulators are becomin