As somebody from Western Europe, i understand the points critics make – our demographics, lack in tech innovation etc.
But the thing is, apart from the US, when it comes to GDP growth, other countries like Australia or Canada aren't doing better – not to mention Japan.
They all get left behind the US, Australia is on par with France when looking at labour productivity (GDP per hour worked), Canada is between Spain and Italy.
Can someone elaborate?
Why does Europe get negative outlooks on it's economy, but not most other western countries?
byu/PreWiBa inAskEconomics
Posted by PreWiBa