Europe's economy is firing on all cylinders-may beat US growth

[bronxiteforever]

CNN Money
Europe is charging ahead.
The economy of the eurozone may have enjoyed faster growth than the United States in 2017, confidence is the highest it has been in decades and unemployment is at a 9-year low.
According to preliminary data from Capital Economics, the region's economy grew by 2.4% last year, which is faster than the 2.3% the research firm expects for the U.S. Official data are due later this month.
France could overtake Germany's GDP growth at some point in the not so distant future," Hesse said. "Macron's labor market reforms and the strong demand environment support our view that France is heading for a golden decade," he added.

http://money.cnn.com/2018/01/09/news/economy/europe-economy-upswing/index.html

Europe doing better than US. The Con’s head and narrative explode!

[GulfCoast66]

1. But...Socialism!!!

I was there for 3 weeks this fall. Pretty optimistic feeling. More than my previous trips.

And they all have healthcare and employment rights, even if limited. That put ours to shame.

[former9thward]

2. "Unemployment is at a 9-year low"

But they don't give what the figure is. Wonder why? Because the EU rate is 8.7% compared with the U.S. of 4.1%. The U.S. is growing at 3.1% and the EU at the 2.4%. Charging ahead? The statistics say differently.

http://ec.europa.eu/eurostat/statistics-explained/index.php/Unemployment_statistics

[bronxiteforever]

3. You are confused. You conflated several figures and the author/ economist is correct

Annual growth rate for US is 2.30


GDP Annual Growth Rate in the United States is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in the United States to stand at 2.60 in 12 months time. In the long-term, the United States GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

https://tradingeconomics.com/united-states/gdp-growth-annual/forecast

Additionally, you inferred that the author said that unemployment figures were equal- there was no such statement.

[former9thward]

4. You are confused.

The author was trying to "infer" that the EU economy was going to overtake the U.S. economy. Maybe your version of overtaking economy is an unemployment figure twice as high as the U.S. Mine isn't and I think my view is shared by most working Americans. In addition economists have been discredited by their projections. They said our economy would be in the 2% range last year and that was flat out wrong. It was 3%.