Russia and China are booming they have real economies with depth & breadth.
Most of the EU is either service industry or tourism....France & Germany are the standouts in a bad bunch, but even their high value manufacturing & high tech industry is useless in recession when people are just looking to survive....high energy cost is a lead weight around their necks.
entire EU UK is reliant (hostage) to external energy providers....their unreliable renewables don't work at night...or when its cloudy...or when the weather is calm. Because of their gross stupidity with respect to energy, they should prepare to live with high inflation for longer....and wholesale industry exodus....seeking cheaper input cost.
US, China, Russia on the other hand.....all three are weathering the economic downturn well......because they all have economies with good depth & breadth-
traditional farming agri industry manufacturing industry low end and high value high tech industry, computing, semiconductors. aerospace
&
comparably cheap and secure energy
2 of those have strong, focused, leadership.... while one is beset with internal conflict dividing its people.
