Isn't a significant portion of that just the Dollar strengthening?I want to say "it's the economy stupid", but soon enough some one smarter will say GDP and markets have no relation.
Anyways here's the info.Src: https://www.lemonde.fr/en/opinion/artic ... 91_23.htmlEuropeans are facing a new economic reality, one they haven't experienced in decades. They are becoming poorer," wrote the business daily. In 2008, the eurozone and the US had equivalent gross domestic products (GDP) at current prices of $14.2 trillion and $14.8 trillion respectively (€13.1 trillion and €13.6 trillion). Fifteen years on, the eurozone's GDP is just over $15 trillion, while US GDP has soared to $26.9 trillion.
A lot of US economic growth has been in Tech and the technology is less tangible. But the delta is widening.GDP is at the most basic level just the income produced by a country. So maybe US has simply just has had more resources to invest.
Statistics: Posted by Nathan Drake — Mon Mar 25, 2024 9:59 pm — Replies 5332 — Views 888855