The European Central Bank (ECB) has integrated ChatGPT into its GDP forecasting process, leveraging only two pages of PMI commentary. This innovative approach has shown increased accuracy in GDP predictions, demonstrating the effectiveness of AI-generated sentiment scores.
Vice President Luis de Guindos warned that ongoing geopolitical issues, particularly in the Middle East, along with tariffs, pose risks to eurozone growth. He stressed the need to monitor these variables closely as they could impact inflation and economic stability.
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