Europe faces a well-known productivity malaise, with a large and widening aggregate productivity gap relative to the U.S. In this paper, we provide a novel diagnosis of the firm-level roots of ...

Passenger traffic at European airports exceeded pre-pandemic levels for the first time in 2024, marking a significant turning ...

War-torn countries, those with high levels of debt and U.S. allies such as Jordan have the most to lose if the United States ...