Europe’s Elusive Growth Consensus
In most European countries, per capita GDP is currently lower than it was six years ago. Worse still, many Europeans appear to have concluded that economic growth does more harm than good in environmental and social terms.
PARIS – In most European countries, GDP per capita is currently lower than it was six years ago. In some cases, like Greece, Italy, and Ireland, it is more than 10% lower. Even in Germany, where it is higher, average growth over the last six years has been anemic.