It has been observed that EU’s GDP lags international peers and is underrepresented in emerging markets. What does the future of Europe look like?

I ask a bit because Europe is generally idolized for its social services and QoL. Many would see others be more like Europe.

But is this just the twilight of a fading economy?

I found a source for companies <50 years old with market caps >$10B

• US -241 companies for 30trillion
• EU – 14 companies for 0.4trillion

Thats kind of shocking… and I cant seem to figure out where Europe is growing to sustain its lifestyle. We know the PIGS were nearly wiped out 15 years ago, UK is struggling in the past 5 years. Are these just the first cracks?

Is Europe in trouble, or else, what is fueling them?