US EditionFrançois Bourguignon's Response to Gabriel Zucman: "the Heart of Europe Is Falling Year by Year Compared to the American Economy"
3 Articles
3 Articles
Europe has been suffering for years, but the United States has stepped on the gas.
TRIBUNE. The economist notes his colleague's optimism that the growth of GDP per capita in the European Union has almost matched that in the United States, it is mainly due to the catching-up of the countries of central and eastern Europe. Productivity among the six founding members of the EU, on the other hand, is dangerously eroding, he observes, in a forum in the "World".
The European economy will achieve modest growth of around 1 percent in 2026. Not spectacular, but still a step forward after years of German recession and economic uncertainty. The question is: can this fragile recovery be sustained in a world where the old growth model has been definitively overhauled? The past economic recipe worked simply: military protection from the US, exports to China, and cheap Russian energy. This globalist system is no…
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