4 ms·
> status as reserve currency is exactly why the US GDP has been overtaking the EU USD was the reserve currency in the 90s and mid 2000s. Back then the Euro was
by ffhhttt 3y ago
> status as reserve currency is exactly why the US GDP has been overtaking the EU
USD was the reserve currency in the 90s and mid 2000s. Back then the Euro was very strong and some large European countries were close to overtaking US in GDP per capita.
The last 10 years have more or less been a lost decade in most of Western Europe because (amongst other things) it almost entirely missed out on the tech boom.
- Cymrukicks 3y ago[flagged]
- ffhhttt 3y ago> boom certainly not economically. I’m not that certain about this.