The EU “could die” unless it makes itself more competitive with the US and China, Emmanuel Macron has warned. The French president said the bloc was over-regulating and under-investing at the Berlin Global Dialogue event.

The EU “could die” unless it makes changes to compete on key economic indicators with the US and China, Emmanuel Macron has warned.

“They invest much more, they are much more in advance,” he said, adding that looking at gross domestic product (GDP) per capita in the past three decades the U.S. delivered an increase of 60 percent, Europe only delivered 30 percent. “And it's not sustainable with the social model that we have,” he added.

French President Emmanuel Macron delivered a pessimistic outlook for the continent, warning that the European Union could die if it didn’t boost its competitiveness with China and the US.

French President Emmanuel Macron has warned the EU that it needs a huge shift in its economic approach to avoid falling behind the US and China. He said the EU has three to four years to correct course or the damage could be irreversible. Mr Macron made the comments at the Berlin Global Dialogue.

French president says EU is lagging behind US, China in key sectors, calls for more investment in innovation - Anadolu Ajansı

The EU “could die” unless it makes itself more competitive with the US and China, Emmanuel Macron has warned. The French president said the bloc was over-regulating and under-investing at the Berlin Global Dialogue event.

French President Emmanuel Macron has warned that the EU "could die" as he issued a warning about over-regulation and under-investment. Speaking at the Global Dialogue event, Macron expressed grave concerns about the EU's economic competitiveness compared to China and the United States.