Germany Gross Domestic Product Down 0.3% in 2023
destatis.de
destatis.de
"In 2008, the eurozone and the US had equivalent gross domestic products (GDP) at current prices of $14.2 trillion and $14.8 trillion respectively (€13.1 trillion and €13.6 trillion). Fifteen years on, the eurozone's GDP is just over $15 trillion, while US GDP has soared to $26.9 trillion."
Any thoughts as to the disparity in growth? How do we correct course? Do we need to?
It's not clear to me that any course correction is needed, or wanted. For example, note https://nitter.net/BergAslak/status/1734931295422022042#m — Americans demongraphics changed later than in Europe, which means that compared to Europe, the US now has a bulge of childless young couples. That causes a GDP boost, but does it mean anything nontrivial? I think not. It doesn't mean that the childless couples are better/worse off than they could've been, it doesn't mean that the couples with children are better/worse than they could've been. GDP/growth reflects a a sum of lots of things, and the difference reflects a change in the composition of the parts that are added.