GERMAN COMPANIES IN THE US: A SURGE OF ECONOMIC OPTIMISM AND INVESTMENT IN 2024
- 99.5% of German companies forecast no recession for the US economy this year; 91% expect their net sales to grow
- Over the next 3 years, 96% of respondents plan to invest in the US; over 40% more than $5 million; 30% more than $10 million.
- 72% plan to expand their workforce in 2024, though 91% struggle with recruitment. By 2028, 82% expect to grow their workforce
- Concerns about US inflation, market uncertainty, supply chain, and trade tension decrease ahead of the 2024 US election
Read the full survey results below!
About the German American Business Outlook (GABO):
The German American Business Outlook (GABO) is an annual survey of German-American business relations directed at German subsidiaries in the US assessing current economic developments and trends in transatlantic business. The survey is one of the most important economic indicators of German American business relations. Each year, the German American Chambers of Commerce survey German subsidiaries in the United States on their views of the US as an investment location.