Can LLMs Take the Pulse of the Economy? A Real-Time Evaluation of LLM Nowcasts on Macroeconomic Indicators
Over six months with four state-of-the-art LLM agents configured with web search, aggregate nowcast accuracy is broadly comparable to the institutional and professional benchmarks, with performance varying widely across individual indicators.
Xin-Yue Zhao, Ruiyi Zhang, Liqin Ye et al.
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