Europe is currently facing multiple crises at once: an energy crisis, supply disruptions, and slowing economic growth across large parts of the continent. One of the key challenges undermining Europe's competitiveness is the cost of energy, which remains roughly 2.5 times higher than in the US. Another major challenge comes from growing competition from China. In an interview with TVP World, Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development, discusses the economic challenges facing European Union countries. While some economies, such as Poland's, continue to perform relatively well, others are struggling with weak growth, particularly those heavily dependent on the automotive sector. According to Javorcik, Europe is also falling behind both the United States and China in innovation and technological development. She argues that the continent must accelerate innovation, strengthen competitiveness, and find ways to respond to growing pressure from Chinese manufacturers. At the same time, she points out that Europe should consider attracting Chinese investment under conditions that support technology transfer and strengthen domestic industrial capabilities.
