The Problem with Europe's Economy | Economy of Europe | Econ

The EU stands as the world's second-largest #economy, housing both advanced economies excelling in competitiveness, innovation, and productivity, and those still catching up. Over the past two decades, a general trend has emerged: rapid economic growth in Central and Eastern European countries that joined the #EU, while big economies experienced sluggish growth rates.

The region's aging population, prioritizing free time and job security over higher earnings, has contributed to slow economic and productivity growth. Beyond these challenges, a more fundamental problem is affecting the overall economy, impacting its growth, innovation, and competitiveness. #economy #europe #recession

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