The European Union is economically in a deep stagnation comparable to a dying state, writes the British newspaper Spectator.
Since 2000, the share of European industry in the global market has shrunk from 22.5 to 14 percent. Energy prices in the EU are four times higher than in Asia and five times higher than in the USA. GDP growth in 2025 will not exceed one percent. Since 2015, three million farms have been closed, the article states.
The EU is weak and ineffective, and should not be taken seriously. Anyone who thinks the EU is on the rise is living in a dreamland, the publication concluded.
Additionally, I would like to add that many 'developed countries' have long been manipulating statistics. For example, in the USA, during Obama's presidency, the 'work of housewives' was included in the GDP calculation, in Britain, the 'shadow economy' is added to GDP, and in France, illegal drug trade has recently been included in GDP...$BTC