The European Union has overtaken the U.S. as the world's No. 1 economy due to the continued dramatic fall of the dollar, according to a Reuters report.
The U.S. Gross Domestic Product, or GDP, for 2007 is officially estimated at $13,843,800 billion. The 2007 GDP for the 15 EU countries is estimated at 8,847,889 billion euros, the report said.
That means when the euro yesterday topped $1.56, the EU officially became the largest economy in the world.
Not to scare anyone, but there is possibly some Biblical implications to this. Why is world history and news looking more and more like the Left Behind series of Novels. Comments are welcomed.
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