Is Europe in Economic Decline?
The article examines the perception that Europe is in economic decline compared to the United States. It argues that while there are valid concerns about Europe's future, the narrative of its underperformance is often exaggerated. Europe remains an economic superpower and should recognize its strengths in the face of global challenges.
- ▪The perception that Europe is falling behind the U.S. is widespread and often echoed by political figures.
- ▪Mario Draghi's report on EU competitiveness raised alarms about Europe's lagging productivity.
- ▪Despite concerns, Europe is not as poor as some U.S. states and is keeping pace with the U.S. in many important measures.
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Is Europe in Economic Decline?Interrogating the conventional wisdom that Europe is lagging AmericaPaul KrugmanMay 10, 2026∙ Paid1,868387276ShareAn ASML chipmaking machineI’m in Europe for a few weeks, giving myself some physical (if not mental) distance from Trumpland. So I decided to take a short break from my healthcare series to write about the European economy — specifically the perception that Europe is in economic decline. According to conventional wisdom, Europe is falling far behind the United States.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Hacker News (Newest).
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