Working from home and the US-Europe divide
Americans are no longer the rich world’s great office drones
When it comes to economic growth, America comfortably beats Europe. Many factors have fed America’s outperformance, from tech innovation to vast oil reserves. But there is one explanation that seems almost too simplistic: that “Americans just work harder”, as the head of Norway’s oil fund put it in an interview with the Financial Times on April 24th.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “America v Europe”
Finance & economics May 4th 2024
- Immigration is surging, with big economic consequences
- Russia’s gas business will never recover from the war in Ukraine
- Japan will struggle to rescue its plummeting currency
- Hedge funds make billions as India’s options market goes ballistic
- What campus protesters get wrong about divestment
- Working from home and the US-Europe divide
From the May 4th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart