New Delhi, Sept. 9 -- Artificial intelligence (AI) and related technologies could boost Asia's annual economic growth by 0.2 to 1 percentage point, helping offset the impact of a shrinking population and allowing the region to maintain or even exceed its recent growth rates, according to an article by IMF Asia and Pacific Department Director Krishna Srinivasan.

The article said Asia's declining population could reduce economic growth by around 0.3 percentage point every year by 2050. This makes higher productivity increasingly important as traditional drivers of growth come under pressure.

"Together, these forces suggest that growth in Asia could remain close to or even exceed recent historical averages if productivity gains are fully r...