A report published on Monday says that despite the current economic upswing, the EU is still losing ground vis-à-vis its global competitors – in particular with its current level of investment in R&D already achieved by the US almost 30 years ago.
Also, the EU is on the wrong path to reach the Lisbon goals, being 3.4 years too late with regard to the target 70% employment rate by 2010. In addition, the level of productivity (expressed in GDP per employed) was reached by the US in 1989, the report said.
In two years’ since 2005, the gap EU-US has widened for all economic indicators:
– Income (GDP per capita). The current EU level for income was achieved by the US in 1985. Since the first edition of the study, the time gap has increased by 3 years;
– Employment and R&D. Both the current EU levels for employment and R&D investment per capita were reached by the US in 1978. (+3 years and +5 years respectively);
– Productivity (GDP per employed). The current EU productivity level was achieved by the US in 1989 (+3 years).
– The current EU level of Internet users per capita was reached by the US in 2002.
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