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In this video we will rank the European Union (EU) as if it were a country on the Economics Explained National Leaderboard, after exploring the economic challenges and opportunities facing all current member states. The EU collectively represents the third largest economy in the world, after China and the USA, with a population of 447 million people and 20 member countries that use the Euro, the second most widely held reserve currency after the USD. The five biggest countries in the EU by population are Germany, France, Italy, Spain, and Poland, and the region has a significant impact on the global economy. However, the EU faces several significant economic challenges, including the debt crisis, Brexit, and tensions with major energy suppliers. We will also examine the potential impact of a non-unified Europe on the global economy and the likelihood of other nations following the UK's example and leaving the union. By exploring these issues, viewers can gain insights into the workings of economic unions and the potential future of the EU.

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The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel:    / @statistaofficial  

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