Global investors are pouring record sums into European stocks, as a desire to reduce exposure to the US meets growing optimism over the state of the region’s economy. https://t.co/SB6ZmQE1HB
It has become received wisdom in Brussels and Washington that there is a new “euro-sclerosis”: that the EU economy is lagging the US
This view is wrong
A little primer on the measurement of productivity – and why reports of the economic death of Europe are greatly exaggerated🧵