The US economy and the EU were the same size in 2008, the US is now nearly 2X
IMHO the west as a whole will need to re-consider its metrics.<p>Europe, not only Eurozone, lag in absolute numbers of economic activity but the life quality is not that different from the US and arguably it’s even better depending on what is important for you. An appendicitis generates more economic activity in the US but Europeans die les from it.<p>On the other hand, Europe does lag on post soviet era tech(that’s anything seen mainstream adoption since 90’s) and the contenders for US are China, Taiwan an India.<p>China, Taiwan, and India might be at the frontlines on some tech but their societies are facing political and demographic problems in much different ways than the west.<p>I’m afraid our world is poised for a dramatic change as every country is screwed in a different way and people see no easy way out.