Europe on the wane EU countries set to lose major ground in ranking of biggest global economies. By ARNAU BUSQUETS GUÀRDIA

Europe on the wane

EU countries set to lose major ground in ranking of biggest global econominturies, the countries that now make up the European Union have 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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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 demographi