Energy demand is falling across Europe as natural gas prices rise ahead of winter…
… but this is bad news for Europe’s manufacturing sector, as energy intensive industries on the continent (such as aluminum production) shutdown due to spiraling costs which are expected to last for at least several years…
… and Europe’s leaders are worried this investment is headed to the US. For example, Macron hosting 49 heads of top companies and Germany economy minister suggesting Europe should set up it’s own support measures to attract industry investment.
Read about our analysis on how the USA is set to be the dominant economic player of the next century.