AI may be creating instead of destroying jobs for now, ECB blog argues


FILE PHOTO: A view of the European Central Bank (ECB) headquarters in Frankfurt, Germany, March 6, 2025. REUTERS/Jana Rodenbusch/File Photo

FRANKFURT, March 4 (Reuters) - The ⁠increasing use of artificial intelligence by firms may be ⁠creating some jobs in the euro zone rather than ‌destroying them as many fear, a European Central Bank blog post argued on Wednesday.

Economists have been debating whether AI could put white collar staff out ​of work, and a recent study ⁠by Germany's Ifo Institute found ⁠that more than a quarter of German firms expect AI ⁠to ‌lead to job cuts in the next five years.

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