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Article Summary
- The European Union economy is lagging behind the United States economy
- Factors contributing to this lag include lower productivity growth, lower capital formation, and lower levels of research and development spending
- The EU is also facing challenges related to demographics and labor market regulations
- Despite efforts to boost economic growth, the EU continues to struggle to keep pace with the US
- The tone of the article is informative and analytical, presenting a comparison of the two economies without bias.
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EU Economy Lags Behind US Economy
America’s GDP is 50 percent larger than the entire EU’s GDP, whereas back in 2008 they were roughly the same size. Analysts point to one key difference: the amount of regulation.
https://www.ntd.com/eu-economy-lags-behind-us-econ...
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