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New data from Eurostat shows how different sized businesses contribute to the EU economy. The data provides insights on where turnover is highest, and which sectors are contributing the most money. And while over 99% of EU companies are small and medium-sized enterprises (SMEs), over half of the bloc’s net turnover comes from large businesses. More @Wikipedia
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- These charts show which businesses are driving the EU economyNew data from Eurostat shows how different sized businesses contribute to the EU economy. The data provides insights on where turnover is highest, and which sectors are contributing the most money. And while over 99% of EU companies are small and medium-sized enterprises (SMEs), over half of the bloc’s net turnover comes from large businesses.
- Which European Union economy is the largest? Here's a list | World ...The GDPs of Germany, France and Italy make up more than half of the EU’s entire economic output. The UK, which joined the EU in 1973 and formally left in 2020, would have been the second-largest economy in the region at $3.4 trillion. The IMF has a gloomy outlook for the EU in 2023, anticipating growth of just 0.7%.
- Europeans are clinging to their savings. What does it mean for growth ...European households are saving at their highest rates in years, according to new data, with saving rates in the eurozone surpassing pre-pandemic levels. In the second quarter of 2024, the saving rate in Europe was 15.7% — an increase from the 15.2% rate seen in the quarter prior, according to Eurostat, the statistical office of the European ...
- How to increase Europe’s competitiveness in the new global economyYet on several important indicators the lights in Brussels have been flashing red for some time. Europe’s economic growth has been trailing the US for decades, productivity growth has fallen behind its peers, and the EU today accounts for 18% of global GDP compared to 27% in 1995. Its share of global industrial value has also fallen from 27 ...
- This is Europe’s economy in 2023, according to the head of the European ...For Christine Lagarde, Head of the European Central Bank, Europe’s inflation rate “is still way too high" and she is determined to stay the course on interest rates. On growth, she said 2023 is not expected to be “a brilliant year, but it is a lot better than what we had feared.”
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