German American Business Outlook
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 German American Business Outlook (GABO) 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.
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Executive Summary 2024
SUCCESS OF GERMAN COMPANIES IN THE US LEADS TO TRANSATLANIC INVESTMENT AND INCREASED OPERATIONS IN BOTH THE US AND GERMANY
- In 2024, 99.5% of German companies in the US forecast no recession for the US economy; 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.
- For over 2/3 of German companies in the US, the US has a significant or dominant importance for their global business; 40% have US production facilities.
- Strong US demand results in increased production, employment and R&D activities in Germany.
- 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 2024 US election.
Previous German American Business Outlook Surveys
2023
2022
2021
2020
2019