ECB says AI, greener economy help euro zone weather energy shock

Globo

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The euro area economy has faced this year's energy shock better than expected. Lower reliance on fossil fuels, stronger fiscal support and increased investment in artificial intelligence (AI) helped sustain growth, European Central Bank (ECB) economists reported on Wednesday. The evaluation, published on a ECB blog, contributes to a growing debate among policy makers on whether structural changes in the global economy are driving growth, investm…

Business Daily

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Renewables, artificial intelligence and government spending are supporting the eurozone in the energy shock. ECB economists explain why it is holding up and what new risks threaten growth.

Forbes España

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The euro area economy has endured better than expected the energy price crisis caused by the conflict in the Middle East after becoming "structurally less vulnerable" to fluctuations in fossil fuel prices and to the contribution of factors such as a strong global demand, the rise of [...] Entry The eurozone has weathered the energy crisis better than expected, according to the ECB first appears in Forbes Spain.

Biznis.rs

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The economy of the Eurozone endured this year's energy shock better than expected, according to European Central Bank (ECB) economists. Less dependence on fossil fuels, higher government spending and investments related to artificial intelligence have helped to sustain economic growth despite rising oil and gas prices caused by the war with Iran. Research...

El Economista

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Oil dependence has been halved since the 1990s, dampening the volatility caused by the conflict in Iran.