Central Banks

Lagarde Awaits More AI Gains in Productivity Unleashed in Europe

Christine Lagarde on Feb. 5.Photographer: Alex Kraus/Bloomberg

The euro zone will need time to see further productivity gains from an AI-related investment boom, European Central Bank President Christine Lagarde said.

Questioned on the impact of spending on artificial intelligence in the region, she observed that it’s happening as part of a wider shift toward domestic momentum.