Roula Khalaf, Editor of the Financial Times, has selected her favorite stories for the weekly newsletter as part of the FT’s free schools access program. This article is one of several in the US High School economics picks series. To learn more about registration and details, visit here.
In this article, you will explore the IMF’s growth forecasts for various regions in 2024, including the US, eurozone, and UK. Additionally, you will examine the persistent economic divergence between these regions and how it is affected by factors such as industry and technology. You will also analyze the economic impact of the invasion of Ukraine by Russia on both regions and discuss the structural advantages that give the US an edge over Europe in certain areas.
As part of your research, you are encouraged to visit the World Bank’s website to compare historical rates of GDP per capita for both regions from 2008 to present. This includes analyzing current GDP per capita levels as well as growth rates between them. Furthermore, you are recommended to explore a country in the eurozone with low GDP per capita in 2022 and compare its performance to that of the United States in same year. For classroom-ready presentations and suggested answers for teachers, check out FEE FT Classroom Edition.