EU IS NOW LARGEST ECONOMY
The European Union has overtaken the U.S. as the world’s #1 economy due to the continued dramatic fall of the dollar, according to a Reuters report. The U.S. 2007 GDP is officially estimated at $13,843,800 billion compared with at 8,847,889 billion Euros for the 15 EU countries. That means when the euro topped $1.56 on 3/18/08, the EU officially became the largest economy in the world.
(The Source Daily 3/19/08)