Europe's Economic Challenges: A Comparative Analysis

This chapter examines the decline of Europe's economic competitiveness relative to the US, noting the significant shift since 2008 when the EU surpassed the US in output. It discusses the critical role of energy in Europe's economy, particularly amidst rising prices and the impacts of the war in Ukraine, while highlighting the slow response to the energy crisis. Additionally, the chapter explores the stagnation of Germany's economy and the disparity in technological adoption between European and American companies, emphasizing the need for Europe to adapt its business practices to remain competitive in a global landscape.