Why Europe’s Economy is Doing Better than You Think
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While financial headlines suggest that the EU’s economy is struggling at the moment, scratch beneath the surface and it may be doing better than you might think. So in this video, we explore the data and what it suggests about Europe’s economic prospects.
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1 – https://x.com/jburnmurdoch/status/1689950429403037697/photo/1
2 – https://www.politico.eu/article/eu-countries-economy-spending-rules-budget-pandemic-funds/
3 – https://www.theatlantic.com/ideas/archive/2024/03/america-europe-post-pandemic-growth-comparison/677617/
4 – https://www.visualcapitalist.com/economic-growth-forecasts-for-g7-and-brics-countries-in-2024/
5 – https://oilprice.com/Latest-Energy-News/World-News/US-Remains-King-of-Oil-Output-Crown-for-Sixth-Year.html
6 – https://businesscouncilab.com/insights-category/analysis/the-canadian-economy-bigger-but-not-stronger/
7 – https://www.theguardian.com/uk-news/article/2024/jul/11/uk-economy-returned-to-growth-in-may
8 – https://www.economist.com/finance-and-economics/2024/05/20/at-long-last-europes-economy-is-starting-to-grow
9 – https://www.xe.com/currencycharts/?from=USD&to=EUR&view=10Y
10 – https://tradingeconomics.com/euro-area/balance-of-trade
11 – https://tradingeconomics.com/united-states/balance-of-trade
12 – https://www.economist.com/graphic-detail/2023/10/04/productivity-has-grown-faster-in-western-europe-than-in-america
13 – https://www.economist.com/graphic-detail/2023/10/04/productivity-has-grown-faster-in-western-europe-than-in-america
20 Comments
Thanks for continues updates! I am super excited about how my stock investments is going so far, making over $200k every week is an amazing
The swivel-eyed EU-centric lunacy is strong in this one. Those creating the Euro wanted it to replace the Dollar as the world's reserve currency. Many boast of the Single Market being the world's largest free trade area (although only under a definition that removes larger zones). So comparing the EU to America is the correct thing to do. The EU + UK have been run by socialists for the last 25 years, lo and behold GDP per person has collapsed over that time.
Make a video on what’s going on in the UK
Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."
"That's not true", responded the second economist. "We increased the GDP by $200!"
While this video offers a refreshing counter-narrative to the usual pessimistic reports about Europe's economy, it seems overly optimistic at times. A growth rate of 0.3%, though better than expected, is still quite modest and doesn't change the fact that Europe faces significant structural challenges. The video could delve deeper into the long-term issues like lagging tech innovation and productivity growth. Moreover, the broad generalizations about Europe's economic health overlook the diverse challenges faced by individual countries within the EU. A more balanced approach would acknowledge these critical issues alongside the positives.
The UK is doing better. Brexit included.
Europe still sells us planes that don’t fall out the sky, chips that power our electronic devices, and weight loss drugs due to working too hard 😅.
Norway and England in particular should accept many refugees.
Lower labor costs are good for Europe
Guess what? These numbers don't mean anything anymore. Why? Because the majority of the surplus don't go in our pockets.
Don't look at these video to inform yourself. And I'm saying this even if I have a degree in economics.
There are a lot of other indexes and numbers you can take to have a closer (still not precise) idea of what is happening.
Also, always look/ask for the source of the data.
EVER heard of ASML..???? Dutch.Makes the most important machines in the world……
Are these graphs adjusted fpr infaltion?
Europe has been there long before the USA and will be there long after. It’s not a sprint.
Maybe instead of GDP, we should measure a global well being which also includes life expectancy and equality.
Imagine if the German economy wasn't held hostage by a crazy liberal party that refuses to invest in it's industry and infrastructure – which is what the US did with the inflation reduction act and why they are doing well at the moment. FDP is steadfast to choke the country's and thus the blocks industry to save it's closely aligned looser companies instead of financing a transition to more competitive production.
why is morawiecki still in the intro 😭bro we kicked this fraud already! 😀
What do you mean? Here in germany our entire industrial base is getting uprooted, which is our main export. Things are getting more expensive and the cost to exist is climbing due to green politics that doesn't give two shits about the people and just views them as a wallet. BUT YEAH, ITS GOING SOOOOO FUCKING GREAT!
When Germany is trough with is restructuring of energy production, it will have free'd 1% of its GDP, that currently is sunk into buying oil and gas from questionable foreign actors. Energy costs are stagnant right now and will cease to be volatile entirely by 2035. We also have stopped population decline. We could sell 10 year bonds for negative interest and would still be bought out by end of January 2.😁
There are probably homeless Americans working 3 jobs just to afford the liquor and gun to end their own suffering, laughing at how bad they think the European economy is.
Sugar coating the weak European economy isn't doing anyone any good.
but… but that would require nuance and we hate that… we like winners and losers black & white… 😣
How about US debt..
I bet certain EU economic figures would look much, much better, with 10 trillion wasted on here and there..