DECLINING RELATIVE IMPORTANCE OF EU IN WORLD ECONOMY (PRODUCTION, INVESTMENT AND TRADE)

Abstract

The European Union is in economic stagnation, with small probabilty to regain a higher growth rates of gross domestic product (GDP). Low growth rates of the EU, with relatively high growth in the rest of the world, leading to a decline in its relative importance in the world economy, as measured by its share of global GDP, but also other indicators. Looking across countries of EU, industrial production don’t have similar growt rates, and there are a high diferences in investment to GDP rates.

Differences in economic performance could lead to additional pressures in desintegration and exit from membership in this integration. Brexit is only the first step in uncertain future of EU.