Oliver Mangan: Why the US economy continues to outperform Europe

The US has been outperforming the European economy for many decades and continues to do so, reflecting stronger labour force and productivity growth

Even before covid, US GDP rose by 5%, double the increase in Europe.

The US economy continues to strongly outperform Europe, as it confounds fears it could enter recession this year. 

US data have come in well ahead of expectations to date in 2023. This has seen US GDP rise by 0.5% and 0.6% in the first two quarters of the year.