Exploring the Economic Differences between US and Europe: An Analysis of Growth Forecasts, Industry Advantages, and Financial Accessibility

The US economy continues to outpace Europe: What’s behind the growth?

Roula Khalaf, Editor of the FT, selects her favorite stories for the Financial Times’ free schools access program. This article is part of the program and provides details and registration information. The discussion questions include exploring the IMF’s growth forecasts for the US, eurozone, and UK for 2024. Other topics include reasons for economic divergence between the US and Europe, impact of invasion of Ukraine by Russia on both regions, structural advantages of US over Europe in industry and technology, finance accessibility in US and its effect on economic growth, demographic trends and labor market dynamics, fiscal challenges faced by the US that could threaten its economic growth.

Economic research is encouraged with instruction to visit World Bank’s website to compare historical rates of GDP per capita for Euro Area and United States. This includes identifying current GDP per capita for both regions, analyzing growth rates between two areas from 2008 to present and exploring country in Euro area with lowest GDP per capita in 2022 and comparing it to United States’ GDP per capita in same year. For classroom-ready presentations and suggested answers for teachers, recommendation is to visit FEE FT Classroom Edition.

Leave a Reply