The US economy and the EU were the same size in 2008, the US is now nearly 2X
Note this chart shows nominal dollars, not PPP-adjusted. The EU has certainly kept up with the US when looking at PPP GDP from 2008 to 2022:<p>US grew from $14.8T to $25.5T<p>EU grew from $14.3T to $24.3T<p>What that means is that the prices of goods are inflated in the US compared to similar goods in the EU. That's all.<p>Want something interesting? Look at China who grew from $10.0T to $30.3T over the same period (!)<p>Sources: <a href="https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=US" rel="nofollow noreferrer">https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat...</a> <a href="https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=EU" rel="nofollow noreferrer">https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat...</a> <a href="https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=CN" rel="nofollow noreferrer">https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat...</a>