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Europe on the wane

by editor

Europe is losing its place at the center of the world.

For centuries, the countries that now make up the European Union have been a part of one of the world’s richest and most influential regions. That’s set to change — as African and Asian countries make up an ever-larger slice of the global economic pie thanks to rocketing population growth compared to the Continent’s shrinking demographics.

The 28 countries currently in the EU accounted for more than a third of the world’s GDP in 1960. By 2100, they are expected to make up just one-tenth, according to a forecast by the Pardee Center of the University of Denver.

For Europe, it’s all downhill from here.

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CORRECTION: This article was updated to correctly reflect the size of the EU’s GDP compared to the world total.

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