According to a 2025 report, European households are experiencing the brunt of the European Union’s lack of economic growth and productivity. In fact, according to Mario Draghi, the former president of the European Central Bank, household disposable income has nearly doubled in the US in comparison to the EU since the turn of the century.
Today, the EU faces a number of challenges, as world trade has embraced greater competitiveness from other nations, and the war between Ukraine and Russia has led to cuts in the EU’s energy supply from Russia. There are many factors to explore regarding the slowdown in competitiveness and growth, but Draghi also proposes a way forward.
Want to read more about how the EU can embrace its need for growth? Click on to find out.