The International Monetary Fund described the global economic outlook for 2025 as 'stable yet underwhelming', with growth at 3.2% and European growth around 1%.
Discussions at the Fortune CEO Forum highlighted Europe's challenges in competing with the U.S. in AI, attributed to capital fragmentation, risk-aversion, and overregulation.
Participants indicated that the fundamental issue lies in Europe's mindset, suggesting that aspirations rarely extend beyond national or European scales.
Despite challenges, some believe that European companies can thrive by 'premiumizing' their products, with luxury brands like LVMH and Hermes leading the way.
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