Europe

Checking out Real GDP

Let’s take a look at some countries in Europe, ranked by the size of Real GDP as of 2022Q1:

Nominal values are great and all but what really matters is the trend. From last quarter to this quarter, it’s been mostly positive:

This is all in contrast with the U.S. for 2022Q1, which shrank in real terms! However, one solid quarter isn’t enough when considering how rough of a time Europe has had economically over the last few years. From that perspective, the U.S. has has a much stronger picture of growth.