Quote from: stompix on Today at 07:31:34 AM

I don't see how it is very clear
The US GDP has gone down 1.6 in Q1 and again 0.9 in Q2, EU's GDP has grown by 0.6 and 0.7 in the first part of this year.
If we look at employment the US has a labor force participation rate of 62.1%, below the 63.4% before the Covid disruption, Eu has reached a record of 74.30%, and since it's a record it's obviously above 2019.

So, who has the flu and who has a cold?

I think you are very optimistic with these statistics. Personally, I have little confidence in statistics, as it is not unusual to see two economists arguing the opposite on the basis of statistics, sometimes on the basis of the same studies.

Apart from the fact that in these cases I always remember the personal text of DdmrDdmr:

Quote

There are lies, damned lies and statistics. MTwain

There are better things in Europe than in the US, obviously. For example, I think it is positive that in Europe there is less difference between rich and poor, but I don't think that the situation in Europe at the moment is something to boast about. And I hope I'm wrong, but the future looks bleak.