EU/US growth Revisionist history

Which grows faster, the US or Europe? Most investors would not hesitate to say the US. That’s the right answer, but the race is actually quite close. On a per-capita basis, the US advantage was a tiny 0.1% annually between 1994 and 2004, according to Goldman Sachs. What’s more, annual European stock-market returns have actually been 0.1% higher. The common perception of significant US economic superiority isn’t exactly wrong. The US did outgrow the old members of the EU between 1994 and 2004 - ...