European Union's economy shows signs of weakening

The European Union's economy is showing signs of continued weakening, with an expert warning of a potential further decline in its global standing. Géza Sebestyén explains that shifts in global power are driven by the rapid adoption of key technologies, market acquisition, and capital mobilization.

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Whoever applies the key technology of an era faster, gains markets and is able to mobilize capital, will advance. Whoever adapts late, their relative weight melts away.

Sebestyén highlights that the EU is currently lagging behind both the United States and China in critical areas such as technology, energy, productivity, trade, and demographics. He notes that only in population trends does the EU not fall behind China, suggesting that the "old continent's" role in the world may continue to diminish.

"There is no eternal economic hegemony," Sebestyén stated, drawing parallels to the 19th century's British dominance and the 20th century's American leadership. He stressed that maintaining a leading economic position requires constant effort and re-earning, rather than simply holding onto past achievements.

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There is no eternal economic hegemony.

The expert's analysis points to a concerning trend for Europe, suggesting that a failure to adapt quickly to technological and economic changes could lead to a further erosion of its relative weight on the global stage. The warning underscores the dynamic nature of the global economy and the challenges facing established powers in a rapidly evolving world.

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The place of leadership is not enough to hold, it must be earned again and again.