The EU

The European Union seems to be headed for a recession. With a population of 500 million and GDP of $18 trillion they are an integral part of the world economy. The United States economy is booming because of productivity as measured by GDP per person. For the EU that comes to $18 trillion divided by 500 million or $36,000. The US is $22 trillion divided by 320 million or $68,000. The average American produces almost twice what the average European Union person produces.