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Wall Street’s outperformance this century has propelled America’s stockmarket to a 61% share of global market capitalisation. What is behind its dominance? https://t.co/9ACyqt2Ede 👇
Across all major advanced economies, the US has grown the most since the pandemic (horizontal), while inflation has been in line with its G10 peers (vertical). That's a sign that much of US inflation was about COVID supply disruptions and not about overheating. With @econ_harris https://t.co/eXBAtes7cm

The American economy has significantly outperformed other rich countries, according to a special report by The Economist. The International Monetary Fund notes that among the G20 group, the United States is the only country whose output and employment are above pre-pandemic expectations. Since 1990, labor productivity per hour in the US has increased by 73%, outpacing Japan's 55% increase and the Euro Area's 39% gain. On a per-person basis, American economic output is now about 40% higher than in Western Europe and Canada, and 60% higher than in Japan. This outperformance is attributed to higher investment and business dynamism. Additionally, Wall Street's dominance has propelled the American stock market to a 61% share of global market capitalization. The US economy's growth, FCI, and capital flows have also been notable compared to its G7 peers.