OECD which is based in Paris warned recently against the widening gap between its members.

In its report titled Economic Policy Reforms: Going for Growth, the latest review for impediments of growth, it asserted that buyers in France, Germany and Italy had PPP (purchasing power parity) 30 percent lowers than those in US.

And if the situation continues this way, things will be even worse in the next few year.

OECD Chief-economist Jean-Philippe Cotis attributed this to the relatively weaker economic growth in the 1990s when the US economy enjoyed a robust expansion, following a standstill for the gap.

By People's Daily Online