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> Now, if Europe could jump start its manufacturing by getting its defense contracting up to speed… Jump start? Manufacturing in the EU has been pretty constan
by sofixa 2y ago
> Now, if Europe could jump start its manufacturing by getting its defense contracting up to speed…
Jump start? Manufacturing in the EU has been pretty constant to slightly growing in recent years as % of GDP at around 15%. For comparison, the US is at 11.4%.
https://www.macrotrends.net/global-metrics/countries/EUU/european-union/manufacturing-output https://www.macrotrends.net/global-metrics/countries/EUU/eur...
https://www.nist.gov/el/applied-economics-office/manufacturing/manufacturing-economy/total-us-manufacturing https://www.nist.gov/el/applied-economics-office/manufacturi...
- SideburnsOfDoom 2y agograndparent post also assumes that Europe is not ramping up arms production and defence spending. I'd be happy to hear more about it from someone who knows the field, but AFAIK, it is happening, the assumption is incorrect. It's sad that this is necessary, but it very much is.