All posts tagged: kind of investments

How America’s Economy Out-Europed Europe

How America’s Economy Out-Europed Europe

The Old World has new problems. Over the course of 2023, the European economy saw close to zero growth. The continent’s two largest national economies—Germany and the U.K.—may both be in recession. Flagship European companies such as Volkswagen, Nokia, and UBS have collectively announced tens of thousands of layoffs. Angry farmers are currently blockading roads in and out of Paris, and tens of thousands of German transport workers have recently walked off the job. The approval ratings of some European heads of state make Joe Biden look like JFK. And recent polling shows that support for far-right parties is surging across the continent, with the “cost-of-living crisis” cited as voters’ top issue. This was all supposed to happen to the U.S. too—but it didn’t. Eighteen months ago, nearly every economist, forecaster, and pundit was predicting that the combination of a global pandemic, rampant inflation, and an energy crisis would plunge both Europe and America into recession. Instead, as Europe flounders, the U.S. economy is doing spectacularly well by almost every measure (even if not all …