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The US reached EU levels in jobs and investment in research almost thirty years ago, the study says (Photo: Wikipedia)

EU economy 20 years behind US, study says

The EU is 22 years behind the US on economic growth according to a new study, with several other economic indicators showing further gaps despite Europe's ambitious reform agenda to be praised by leaders at this week's summit.

A report by Eurochambers, the Brussels-based business lobby, published on Monday (5 March) argues that the US reached the current EU rate of GDP per capita in 1985 and its levels in employment and research investment almost 30 years ago.

Economic growth, job...

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The US reached EU levels in jobs and investment in research almost thirty years ago, the study says (Photo: Wikipedia)

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