The economic conditions in Europe varied over different time periods, with Western nations faring better than others during certain crises.
The economies of most European nations in the 1920s were diverse, with Western European powers prospering while some countries like Germany and Italy faced challenges.
During the global recession in the early 2000s, many high-income countries, including the United States and Western Europe, experienced financial crises and recessions.
Although Western Europe has high standards of living, countries like Portugal, Greece, and southern Italy have struggled economically due to their agrarian economies.
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