Accelerating Europe's path to reinvention
janeiro 16, 2023
10-minutos de leitura
RESEARCH REPORT
In brief
Executives face unprecedented challenges
European growth is comparatively low
Exploring European strengths and weaknesses
The role of technology in reinvention
Unpacking Europe’s technology deficit
Europe needs to shift from squeezing to investing
16.9%
On average, European executives report that 16.9% of global revenues are invested in transformation initiatives like R&D, new technologies and joint ventures vs. 18.8% in China and 20% in US.9
$388bn
If European companies had invested in R&D at the same rate as North American companies, this would have equated to an additional $388 billion in investment over the past five years.10