RT International High energy prices, military buildups, and US tariffs have weighed on the bloc’s economic outlook, the outlet reports
The EU is becoming progressively less attractive to foreign investors, Euractiv has reported. The outlet cited high energy prices and rising military spending among the factors undermining the bloc’s economic competitiveness.
According to Euractiv, the “EU’s growth is horrifyingly slow; demand is dreadfully weak; and foreign investment is at a frightening nine-year low.” Businesses across the bloc are struggling with high energy prices, US tariffs, and competition from China, while ordinary citizens, burdened by stagnant wages and geopolitical uncertainty, are reluctant to spend their savings, Euractiv wrote on Saturday.
“Fear of Russia and US military abandonment has sparked a splurge in military spending” in the EU, it added. Moscow, meanwhile, has repeatedly denied harboring any aggressive plans toward its Western neighbors.
“There is a sense that things are going downhill, that we’re losing our prosperity,” Philipp Lausberg, a senior analyst at the European Policy Center, told Euractiv.
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