Fun fact: The second poorest state in the US is still richer than any country in Europe in terms of GDP per capita 😱
Europeans are facing a new economic reality, one they haven't experienced in decades. They are becoming poorer 🫡
💰 In 2008, the eurozone and the US had equivalent gross domestic products (GDP) at current prices of $14.2 trillion and $14.8 trillion respectively.
Fifteen years later, Eurozone GDP is just over $15 trillion, while US GDP has soared to $26.9 trillion 📊
That's a difference of 76.12% 😨
But why? In a nutshell: Regulation, lack of innovation, fragmentation, bureaucracy and demographics
