> Europe 560M people, and the world's biggest economy as a EU bloc The US has a far larger economy than the EU, there is now roughly a $7 trillion gap there (I

> Europe 560M people, and the world's biggest economy as a EU bloc The US has a far larger economy than the EU, there is now roughly a $7 trillion gap there (IMF estimates for 2021 is the US economy at $22.6 trillion; the EU will be around $15 trillion). The US economy is almost 50% larger than the EU economy. China in 2021 will formally surpass the EU in nominal GDP size. It's fair to say it already has. IMF estimates peg it at over $16.6 trillion for 2021 and that's probably an undercount given how much economic market share they've taken from the rest of the world during Covid (eg in manufacturing and exports). The US and China will continue to put economic distance between themselves and the EU; the EU will fall further and further behind. This trend has been underway for near 15 years now. Germany, France, Spain, Italy, Sweden, Greece, Netherlands etc have all suffered intense net economic stagnation since roughly 2007-2008, and that was prior to Covid. Did you know that even prior to Covid, Sweden's economy was smaller inflation adjusted for 2019 than it was in 2008? The same is true of Germany and the others as well.