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ECB economists improve GDP forecasting with ChatGPT

Summary by Channel News Asia
FRANKFURT :A ChatGPT analysis of qualitative commentary in PMI releases can significantly improve GDP forecasting, a paper published by the European Central Bank of Thursday showed.The ECB has been working with artificial intelligence in recent years, partly to improve its forecasting ability by web-scraping

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Channel News Asia broke the news in Singapore on Thursday, June 26, 2025.
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