The US economy continues to strongly outperform Europe, as it confounds fears that it could enter recession this year.
The outperformance of the US economy in recent years can be put down to a number of factors
The reality is that the US has been outperforming the European economy for many decades and continues to do so, reflecting stronger labour force and productivity growth.
The surprising strength of the US economy in 2023 is reflected in the 17.5% rise in the S&P 500 stock market index year -to-date.
