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Is Europe in Economic Decline?

Paul Krugman · 10 May 2026 · paulkrugman.substack.com

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  1. Moreover, by many measures — arguably the most important measures — Europe is, in fact, keeping up with the United States.
  2. Europe, along with China and the United States, is an economic superpower. And, at this point in time, it is arguably the world’s only democratic superpower.