4 ms·
> -Economy become stagnant (EU economy was 10% larger than the US economy in 2005; in 2022, US economy was 40% larger than the EU's) confirmed by this world ba
by kmlx 3y ago
> -Economy become stagnant (EU economy was 10% larger than the US economy in 2005; in 2022, US economy was 40% larger than the EU's)
confirmed by this world bank chart:
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=EU-US https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location...
the biggest econ problem in the EU is that some countries are still either below or have similar GDP to 2008’s GFC:
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=DE-ES-IT-FR-NL&start=2008 https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location...
> In 2008 the EU’s economy was somewhat larger than America’s: $16.2 trillion versus $14.7 trillion. By 2022, the US economy had grown to $25 trillion, whereas the EU and the UK together had only reached $19.8 trillion. America’s economy is now nearly one-third bigger. It is more than 50 per cent larger than the EU without the UK.
from https://ecfr.eu/publication/the-art-of-vassalisation-how-russias-war-on-ukraine-has-transformed-transatlantic-relations/ https://ecfr.eu/publication/the-art-of-vassalisation-how-rus...