People are also reading
Why Europe is becoming poorer than America
Ruchir SharmaWriter and investor
Jul 5, 2024 – 5.00am
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
A widening transatlantic gap is inspiring glee in the US and angst in Europe. Though their per capita income levels were similar a couple of decades ago, growth (in constant dollars) has been twice as fast since 2010 in the US than in Britain and the EU’s big four economies: Germany, France, Italy and Spain.
Why is Europe falling behind? Look at the role of government.
Financial Times