Europe’s five largest economies have lost nearly half their share of global GDP since 1980, according to Branko Milanovic. Germany, France, the UK, Italy and Sp

Europe’s five largest economies have lost nearly half their share of global GDP since 1980, according to Branko Milanovic. Germany, France, the UK, Italy and Spain fell from 19.3% of world output in PPP terms to 10%, based on World Bank and IMF data.