How can Europe become more competitive? | Business and Economy


Dubbed a “competitiveness crisis,” the EU's investment, income and productivity lag behind those of the United States and China.

Struggling with slow growth, weak productivity and changing demographics, Europe's share of the global economy is shrinking and falling behind the United States and China.

Their leaders worry that the continent will not catch up and want to make the European Union more competitive.

To achieve this, former European Central Bank president Mario Draghi says the bloc needs “radical change.” But getting more than two dozen countries in the bloc to act together and find a way forward is a challenge.

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