Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/299183 
Year of Publication: 
2024
Series/Report no.: 
ECIPE Policy Brief No. 09/2024
Publisher: 
European Centre for International Political Economy (ECIPE), Brussels
Abstract: 
The European Union stands at a crossroads. For decades, the EU's productivity growth has consistently lagged the United States, leading to slower growth in living standards and decline in global economic power. While short-term factors like the strong US fiscal expansion have widened the gap in nominal GDP growth in recent years, the fact is that Europe has trailed the US economic development for several decades and the root of the problem lies in deeper structural issues within the European economy.
Document Type: 
Research Report

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