U.S. loses No. 1 ranking as dollar drops

European Union now has world’s biggest economy

Mar 19, 2008 (WORLDNETDAILY) — 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. Full Report