The Transatlantic Economy
The Transatlantic Economy enters 2019 on unsettled ground, beset by political volatility and economic uncertainty. Eurozone growth slowed to 1.8% in 2018 and is supposed to weaken further to 1.6% in 2019 and 1.7% in 2020, respectively. In the U.S., growth grew by 2.9% in 2018. Transatlantic trade gaps have widened.
The transatlantic economy generates $5.5 trillion in total commercial sales a year and employs up to 16 million workers in mutually “on-shored” jobs on both sides of the Atlantic. It is the largest and wealthiest market in the world, accounting for one-third of world GDP in terms of purchasing power and half of total global personal consumption.
Ties are particular thick in foreign direct investment (FDI), portfolio investment, banking claims, trade and affiliate sales in goods and services, mutual R&D investment, patent cooperation, technology flows, and sales of knowledgeintensive services.
The study includes dedicated profiles for 30+ European countries and all U.S. states.
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About AmCham Sweden
AmCham Sweden was founded in 1992. The organization has more than 220 members, ranging from start-ups to multinational corporations. The members, representing many different industries, create a dynamic organization providing networking and innovative ideas. AmCham Sweden annually organizes a number of events and seminars, and participates in public debate on key issues. www.amcham.se