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Stock impact report

Useless Europe is sleepwalking into oblivion [Yahoo! Finance]

Novo Nordisk A/S (NVO) 
Last novo nordisk a/s earnings: 2/5 01:31 am Check Earnings Report
US:NYSE Investor Relations: novonordisk.com/investors.html
Company Research Source: Yahoo! Finance
In 1992, adjusting for spending power, a GDP per capita of $44,933 (£35,530) meant the average German was a little better off than the average American, with a lead of $257. In 2024, the American is almost $12,000 ahead. Germany's economic failure is startling when taken on its own. Put into the context of wider European stagnation, it tells the story of a continent-wide tragedy. In 2008, American GDP per capita was a little over $14,000 higher than the EU equivalent. In 2023, it's almost $20,000 higher. The US has grown 21pc; the EU, with all the advantages of catch-up growth across a wider area, 15pc. Despite containing 100m more people, the EU economy is now smaller in value than the American one, squandering by 2020 a lead that was over $3 trillion in 1990. For a generation of European politicians, the idea of “strategic autonomy” – the ability of the EU to act as a bloc without dependence on other countries – has taken on a totemic significance. In typically strident ter Show less Read more
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