Europe living standards lag US innovation gap
The article examines why European living standards have not fallen behind those in the United States despite slower productivity growth in recent decades. It argues that restoring innovation capacity…
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analysis
1 source grouped by AFBytes in Economy
AFBytes briefing
Slower innovation in Europe can translate into weaker wage growth and higher relative costs for American exporters competing in global markets. Retirees and investors holding European assets may see reduced returns if productivity stagnates.
What to watch next
- Watch the next round of European productivity and patent filing data releases to gauge whether the innovation gap is narrowing or widening.