In this article, Roula Khalaf, Editor of the FT, discusses the economic disparity between the US and Europe and why it is outperforming them. The article includes discussion questions such as the IMF’s growth forecasts for 2024 in the US, eurozone, and UK. It also delves into the reasons behind this gap, including structural advantages of the US in terms of industry and technology, access to finance being more straightforward in the US, and how demographic trends and labor market dynamics contribute to this gap.
To further explore this topic, teachers can access a free resource from the Foundation for Economic Education (FEE) called FEE FT Classroom Edition. This resource provides classroom-ready presentations and suggested answers for educators. Additionally, teachers can find historical rates of GDP per capita on the World Bank’s website for a comparison between Euro Area and United States growth rates from 2008 to present. They can also compare data on countries with lowest GDP per capita in Euro area versus US in 2022.
Signing up for Financial Times’ free schools access program is an excellent way for teachers to receive exclusive content such as this article as part of their educational resources. Visit their website today to register or learn more about their program.