Source: Reuters (via feed)
Artificial intelligence could raise productivity growth in the euro area by more than 4 percentage points over the next decade. This was stated by European Central Bank chief economist Philip Lane. He noted that a prolonged energy shock could slow this progress. The comments were made on Monday.
The ECB indicated the potential of AI to affect productivity growth within the euro zone. At the same time, energy supply disruptions were identified as a risk factor to this improvement.
BizTrendWire Insight:
The ECB statement links AI to productivity growth projections in the eurozone. It also mentions energy supply as a factor that could affect growth outcomes.
The ECB statement links AI to productivity growth projections in the eurozone. It also mentions energy supply as a factor that could affect growth outcomes.
