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GenAI could boost global economic productivity
Generative artificial intelligence (GenAI) has promised new economic opportunities but also fuelled fear of job cuts
InternationalBattery production to influence politics in eastern EU
Eastern Europe has become a leader in battery manufacturing, with consequences for both local economies and politics.
Eastern EuropeWeaker US inflation supports the Fed’s ‘on hold’ plan
Consumer price inflation eased to 4.9% year-on-year in April and core price growth eased to 5.5%
United StatesEU gas outlook is stable for next winter
The European Commission has launched its first round of tenders for joint purchases of gas
EUMore UK rate rises may be needed in coming months
The Bank of England raised rates for a twelfth successive meeting, to 4.5%
United KingdomNear-term manufacturing prospects are subdued
Manufacturing growth will show little improvement and even though the outlook is weak, the risks remain to the downside
InternationalInternational climate finance will remain inadequate
Significant increases in climate finance are needed to meet climate adaptation and mitigation challenges this decade
InternationalLabour will be a prickly issue for AI vendors
Microsoft, locked in a tight competition with Google over generative AI, wants to sway opinion in favour of AI adoption
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