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If they've collapsed, neither AmE nor BrE speakers got the memo, as I've heard it mispronounced by both. Non-native speakers on the other hand tend to pronounce it correctly, as it's a common diphthong in other languages, such as French.

In American English the word is spelled economics, not oeconomics. Not the same spelling at all.

It's also spelt that way in British English, which was my point.

Perhaps interestingly, in some languages like German and Hungarian, (o)estrogen is written with just an ö and no e (Östrogen, ösztrögén).

That's probably because the dots on top are, historically, a vestige of the 'e'.

I just realized I made a mistake but can't edit it anymore: the last one should say "ösztrogén".

Apple still uses an A for that sound (though true, it does not come from the latin æ)