Foreign media: The total economic output of Europe is expected to reach $3.23 trillion by 2026, with Germany, the UK, and France accounting for the majority of this share. Germany leads Europe with a GDP of $5.4 trillion, followed by the UK at $4.3 trillion and France at $3.6 trillion, ranking second and third respectively. The combined output of Europe's six largest economies exceeds $2 trillion, highlighting the trend of economic concentration in Europe.
Although Europe's economic core remains in the west, the combined economic output of Germany, the UK, and France surpasses $1.3 trillion. However, economic growth in Southern Europe is accelerating rapidly. For instance, Spain and Portugal have seen growth rates exceeding 2%, significantly higher than those of France and Germany, driven by the recovery of tourism, increased energy self-sufficiency, and rising public investment.
Additionally, energy-rich nations such as Russia and Norway are also experiencing steady economic growth. Russia’s economy stands at $2.7 trillion, with energy exports accounting for over half of its total exports. Meanwhile, despite having a population of only 5 million, Norway’s economy approaches $600 billion, primarily due to its abundant energy resources.
The economic landscape of Europe is gradually shifting, with the rise of Southern Europe and the energy sector providing new momentum for future growth.
Original source: toutiao.com/article/1863635570546692/
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