Reported about 11 hours ago
The U.S. economy has successfully avoided recession for two years, largely attributed to the impact of artificial intelligence (AI). According to BNP Paribas' chief economist, AI has driven significant investment, particularly in data centers and technology services, contributing to GDP growth and bolstering business confidence. This shift has altered traditional monetary policy effects, enabling corporate spending to thrive despite higher interest rates, showcasing a unique dynamic in the current financial landscape.
Source: YAHOO