Why Europe’s Economy is Doing Better than You Think

While financial headlines suggest that the EU’s economy is struggling at the moment, scratch beneath the surface and it may be doing better than you might think. So in this video, we explore the data and what it suggests about Europe’s economic prospects.

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[MSloCvideos]

Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.

They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.

Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."

"That's not true", responded the second economist. "We increased the GDP by $200!"

[juraj]

Always hated these numbers cause they don't say anything to the normal working class person. Things like homelessness, unemployment, wealth distribution, housing availability, food prices and purchasing power say a lot more

[Dantursi]

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[jyioizp]

1 billionaire and 999 people at zero is still a million on average.

[WazirinJosnEnvirons]

What use is an economy doing well, when the people in that economy are not doing well?

[michaeljf]

Can we stop measuring economy by GDP? We've clearly seen many countries have now decoupled GDP growth from living standards and affordability

[WillieNickell]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[neo]

hmm i mean on paper it can look amazing, but only for shareholders and boardmembers and company owners, for normal people not so good ...

[replay]

As a person currently working in Germany, the European economy is not doing well

On a daily basis, I see people in the streets taking drugs, homelessness, taking over cities - things I only experienced in America before

The job market is pathetic

Prices are sky high

The euro does not go far abroad

[multienergico]

It's refreshing to hear some positive messages from news outlets. They all love the doom and gloom headlines.

[realhumanbean]

As a German economics student I can assure you it’s not doing good

[veritaspk]

People from the US and EU just complain - even though they constitute most of the 20% of the world's wealthiest people.The Internet has made such a mess in people's minds. The poorest EU citizen cannot imagine the poverty in which most people in Africa or Southeast Asia live. Less internet and more traveling around the world changes the perspective.

[swedemartyrsonswade]

"Americans smug impoverish Europeans" if Europeans knew how hard it is in the USA right now.

[AS-hu]

Thank you for making this video! so tired of the exaggerated headlines that Europe is falling behind etc. As an american who lives in France I am optimistic for the future and love living in Europe :) cheers!

[tom_hagen]

As long as Germany doesn't solve its energy crisis, it won't get any better.

[JHayler]

Did the EU import a lot of Ukrainian food products ? I thought they mainly produced grain, which went to Africa & Midle East which is why inflation in Egypt for example is so high

[juicymelodic]

Build a pyramid, destroy a pyramid. GDP rose by billions. Great success.

[rixorobert]

So Europe is not "doing alright" but the rest of the world is doing even worse

[Gian]

I am a Euro-Italian living in Los Angeles since 6 years, just the city of Los Angeles has 75'000 homeless people and they are increasing every day, the welfare is inexistent, families here go bankrupt for paying medical bills, I have a friend with a bachelor degree in music and he finished to pay his loan at 35 years old just for studying 3 years at the university, if you don't have a car here you can't go anywhere in the city, inflation rate is at 3 %, I can't go on vacations otherwise I loose my job, the middle class is disappearing and the wealth distribution gap is increasing, nobody I know is buying a house here, I am considering going back, I think I'm going to make a huge favor to myself.

[TheRealEtaoinShrdlu]

A state's economy is there to ensure that the population can live comfortably. The US economy might be growing, but people are suffering hard. Economic growth without an improvement in living standards (especially for the poorest in society) is just empty growth and means basically nothing.