ČRo Plus | The EU lags behind the US and China due to weak capital strength and new technologies

The European Union economically lags behind the United States of America and China. The recent meeting in Brussels reflected concerns about a slowdown in the EU economy, which entered 2024 with lower-than-expected growth. EUROPEUM Institute analyst Vít Havelka commented on this situation for ČRo Plus.

The European Union is losing competitiveness for several reasons. The first is the weak capital strength of the EU, followed by the concentration of new technologies mainly in China. Higher energy prices also contribute to this situation, because it causes the EU to lag behind the United States. But there are more problems, these are the ones that are possible to solve.

You can listen to the entire interview here from 12:30.

Vít Havelka
Senior Research Fellow

Expertise: EU institutional relations with member states, europeisation, transformation role of EU