Transatlantic Economy 2024

by Daniel S. Hamilton and Joseph P. Quinlan

Full report available here

The Transatlantic Economy 2024 offers the most up-to-date set of facts and figures describing the deep economic integration binding Europe and the United States. It documents European-sourced jobs, trade and investment in each of the 50 U.S. states, and U.S.-sourced jobs, trade and investment in each member state of the European Union and other European countries. It reviews key headline trends and helps readers understand the distinctive nature of transatlantic economic relations.

Key sectors of the transatlantic economy are integrating as never before, underpinning a multi-trillion-dollar economy that creates millions of jobs on both sides of the Atlantic. The transatlantic economy has proven to be remarkably resilient in the face of multiple headwinds, including Russia’s war against Ukraine, major energy transformations, inflationary and recessionary pressures, supply chain disruptions, ripples generated by China’s activities, and the COVID-19 pandemic.

The Transatlantic Economy 2024 explains U.S., European and Chinese “derisking” strategies; international support for Ukraine and sanctions against Russia; major shifts in the transatlantic energy economy; how digital connections drive and transform economic ties; and why transatlantic commercial bonds matter for producers, consumers, workers, innovators, investors, and communities.

The Transatlantic Economy 2024 offers key and often counterintuitive insights into the role of the United States and Europe in the global economy that have important implications for policymakers, business leaders, and local officials.

 

List of Chapters:

Key Findings

Executive Summary

Chapter 1 – Shaken, Not Stirred: The Transatlantic Economy in 2024

Chapter 2 – Jobs, Trade and Investment: Cyclical Weakness, Structural Strength

Chapter 3 – Derisking in a World Gone MAD: American, European and Chinese Characteristics

Chapter 4 – Transatlantic Energy Transformations

Chapter 5 – The Transatlantic Digital Economy

Chapter 6 – The 50 U.S. States: European-Related Jobs, Trade and Investment

Chapter 7 – European Countries: U.S.-Related Jobs, Trade and Investment

Appendix A – European Commerce and the 50 U.S. States: A State-by-State Comparison

Appendix B – U.S. Commerce and Europe: A Country-by-Country Comparison