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elpais.com
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Europe's Economic Slowdown: High Costs, Chinese Competition, and Tech Lag
In 2024, the EU's economy grew by only 0.9% compared to the US's 2.7%, with Germany in recession and France facing political turmoil; high taxes, bureaucracy, Chinese competition, and high energy costs are key factors, and underinvestment in R&D hinders technological advancement.
Europe's Economic Slowdown: High Costs, Chinese Competition, and Tech Lag
In 2024, the EU's economy grew by only 0.9% compared to the US's 2.7%, with Germany in recession and France facing political turmoil; high taxes, bureaucracy, Chinese competition, and high energy costs are key factors, and underinvestment in R&D hinders technological advancement.
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Decent Work and Economic Growth
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