Today’s digital era demands to be more productive, efficient and accurate. Thus, the race to develop an alternative to replace even humans is currently on. With the power of AI or Artificial intelligence, the economy is looking forward to replacing employees with AI in multiple job sectors. Furthermore, the threat of expectedly global recession in 2023 can cause a major decline in the employment ratio worldwide.

1. Global Recession 2023
and the Battle for Jobs in
the Age of AI

2. Introduction
Several Chief Economists have predicted a global recession likely to come
in 2023. Also, IMF Chief Kristalina Georgieva stated that with the start of
the year 2023, an estimated one-third of the global economy will face a
state of recession. The decline in economic growth will be the source of
major financial problems in many countries.
Furthermore, in this age AI automated world there are millions of people
who have become prey to rising unemployment. Artificial Intelligence or
AI is capable of replacing many professionals in completing jobs with more
accuracy, efficiency and speed.
Let’s learn about both factors:

3. What is a Global recession?
● A state of recession can be referred to as the decline in
any country’s gross domestic product for two or more
consecutive quarters in a year.
● Following an economic slowdown of several quarters.
So, when these two conditions apply at a global level to
multiple countries it is called a Global Recession.

4. Causes of Global Recession
● A state of war between multiple countries
● Constant decline in Gross Domestic Product
● Loss of consumers interested in the market
● Major decline in employment ratio at a global level
● The reduced purchasing power of a country
● Major reduction in latest job openings in India.

5. Effects of Global Recession on India
● A country can go bankrupt with a constant decline in economic growth and an increase in
borrowings.
● A state of major deflation can occur which causes a decrease in the overall prices of a country's
goods and services, that also leads to reduction in job openings in Delhi NCR.
● Global recession can cause foreclosures, in which a lender forces the sale of assets of borrowers to
recover the loan amount.
● Stock markets will hit drastically and will become the bear market.
● Millions of people across the globe will become unemployed as the employment ratio will fall with
declining economies. This will also affect the job openings in Delhi NCR, to where majority of
employees migrate.

6. What is AI or Artificial Intelligence?
Artificial Intelligence can be referred to as self-learning and evaluating a program that
powers a machine to replace human efforts. It can easily complete a predefined task with
more accuracy and speed than any human and this is the reason for a major decline in
latest job openings in India. AI also has the ability to make decisions on its own with
sensory inputs. .
So, AI can be Autonomous,
Semi-Autonomous, Automated
and Semi-Automated
Also Read: Global Recession 2023 and the Threat of AI in These Job Sectors

7. List of Jobs that AI Can Replace in the Near Future
1. Tech & IT Jobs
2. Advertising and
Media
3. Legal Jobs
4. Market Research
5. Teaching Jobs
6. Tech & IT Jobs
7. Advertising and
Media
8. Legal Jobs
9. Market Research
10. Teaching Jobs

8. List of Jobs That Are Safe From AI Threat For Now
● Carpenters
● Painters
● Plumbers
● Meat, Poultry, and Fish
Cutters and Trimmers
● Slaughterers and Meat
Packers
● Stonemasons
● Cooks
● Cafeteria Attendants
● Bartenders
● Dishwashers
● Electrical Power-Line
Installers and Repairers
● Agricultural Equipment
Operators
● Athletes and Sports
Competitors

9. Thank You.
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