Challenging the Narrative of European Decline

Economist Paul Krugman argues that the narrative of European economic decline relative to the United States is flawed. He suggests that standard productivity metrics are misleading and that both regions maintain high levels of technological sophistication.
Why it matters
Understanding the nuances of international economic performance is critical for shaping global trade policy and investment strategies.
Paul Krugman May 21, 2026 1,485 319 238 Share
The author presents an analytical economic argument based on data interpretation rather than partisan political rhetoric.
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