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Output per person is now higher in the United States than in the European Union. Productivity was about the same between 2004 and 2007, but when the Great Recession hit, productivity in the EU-27 was hit much harder than in the United States.
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Output per person is now higher in the United States than in the European Union. Productivity was about the same between 2004 and 2007, but when the Great Recession hit, productivity in the EU-27 was hit much harder than in the United States.