logo
welcome
BBC UK

BBC UK

Why US economy is powering ahead of Europe's

BBC UK
Summary
Nutrition label

76% Informative

In terms of GDP, the US posted a 3.3% gain in the fourth quarter of 2023 , far exceeding economists' expectations of 2% . That put the US at 2.5% over the course of the year , outpacing all other advanced economies and on track to do so again in 2024 .

Experts say there are several reasons why the US is outperforming other nations.

The impact of the Ukraine war on energy prices was a lot worse in Europe than in the US , says Ben Westmore .

Gas prices in Europe between early 2021 and 2022 shot up by something close to 20% , he says.

European countries have seen not only a bigger increase in prices, but also a greater propensity for businesses to pass on to consumers.

VR Score

88

Informative language

93

Neutral language

72

Article tone

informal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links