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The European Union’s economy is falling further behind China and the United States, a major headache that will dominate leaders’ talks on Thursday as they discuss how to stem the bloc’s economic decline and bounce back.
From supply chain disruptions following the coronavirus pandemic to an energy crisis after Russia’s invasion of Ukraine, Europe’s economy has faced multiple challenges in recent years.
But it may yet face its biggest: the clean energy and digital transitions that Brussels has made its priority in the coming years will require additional annual investment of nearly 620 billion euros ($660 billion).
