Fun fact: The second poorest state in the US is still richer than any country in Europe in terms of GDP per capita 😱

Europeans are facing a new economic reality, one they haven't experienced in decades. They are becoming poorer 🫡

💰 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.

Fifteen years later, Eurozone GDP is just over $15 trillion, while US GDP has soared to $26.9 trillion 📊

That's a difference of 76.12% 😨

But why? In a nutshell: Regulation, lack of innovation, fragmentation, bureaucracy and demographics