New study: COVID-19 set to test the resilience of the transatlantic economy

A new study on the transatlantic economy stresses the impact the ongoing COVID-19 pandemic will have on both the European and US economies. The current crisis adds to existing economic and political instability, which, in turn, challenges the world’s largest marketplace. Despite mounting uncertainty, the 2020 report emphasises that the fundamentals of the transatlantic relationship remain strong, and will likely play a role in the economic recovery to come. 

Susan Danger, CEO, AmCham EU, said: ‘We need the US and the EU to work together, with the entire global community, to ensure a coordinated approach to the health emergency caused by COVID-19 and its ripple effects on the economy. Bold action from governments is critical to protect citizens’ health and shield our economies from the impact of a global recession.’ She went on to say: ‘Today’s crisis demonstrates the continued importance of transatlantic cooperation.’

To download the study, please click here.

 

News
25 Mar 2020
Trade, Transatlantic
New study: COVID-19 set to test the resilience of the transatlantic economy

A new study on the transatlantic economy stresses the impact the ongoing COVID-19 pandemic will have on both the European and US economies. The current crisis adds to existing economic and political instability, which, in turn, challenges the world’s largest marketplace. Despite mounting uncertainty, the 2020 report emphasises that the fundamentals of the transatlantic relationship remain strong, and will likely play a role in the economic recovery to come. 

Susan Danger, CEO, AmCham EU, said: ‘We need the US and the EU to work together, with the entire global community, to ensure a coordinated approach to the health emergency caused by COVID-19 and its ripple effects on the economy. Bold action from governments is critical to protect citizens’ health and shield our economies from the impact of a global recession.’ She went on to say: ‘Today’s crisis demonstrates the continued importance of transatlantic cooperation.’

To download the study, please click here.

 

The Transatlantic Economy 2020 study highlights how the EU-US relationship remains the largest of its kind in the world. The transatlantic economic partnership generates over €5 trillion in commercial sales a year and accounts for half of total global personal consumption. No place in the world attracts more US foreign direct investment (FDI) than Europe. During the past decade, Europe attracted 57.5% of total US global investment – more than in any previous decade.

The research was conducted independently by Daniel Hamilton and Joseph Quinlan for the Foreign Policy Institute at Johns Hopkins University's School of Advanced International Studies and commissioned by the American Chamber of Commerce to the EU (AmCham EU) and the U.S. Chamber of Commerce.

This year’s edition features inserts on the effects of Brexit on the transatlantic relationship, Chinese investment in North America and Europe, the transatlantic energy economy, and an in-depth analysis of FDI flows from the US to Europe. It also includes individual profiles for 30 European countries and all US states.

The data is also available on Thriving Together, an online platform that showcases the deep ties that bind Europe and the United States, including numbers from The Transatlantic Economy 2020. Visit the platform: thrivingtogether.eu.

 

Related items

News
22 Dec 2025

No further delays: the EU-Mercosur FTA is vital for a stronger Europe

The European Council’s decision to postpone its vote on concluding the EU-Mercosur free trade agreement (FTA) is a missed strategic opportunity that threatens the EU’s credibility as a reliable partner. After more than 20 years of negotiations, the EU is once again delaying one of its most ambitious and strategic trade agreements.

The EU-Mercosur FTA’s economic benefits are clear. At a time when strengthening competitiveness, economic growth and partnerships should be paramount, the FTA provides access to a market of 284 million consumers – reducing tariff and non-tariff barriers and supporting integrated supply chains.

Beyond its economic benefits, the EU-Mercosur FTA is also an important geopolitical tool. It would anchor a long-term strategic partnership with a key region and reinforce the EU’s role as a credible advocate of rules-based trade. Amid heightened geopolitical rivalry, postponement weakens the EU’s standing and its ability to conclude ambitious FTAs elsewhere.

The EU cannot afford further delays. The EU-Mercosur FTA is vital for the region’s competitiveness, resilience and global credibility. The European Council must promptly return to this file and conclude this FTA in January.

Read more about No further delays: the EU-Mercosur FTA is vital for a stronger Europe
News
11 Dec 2025

Exploring transatlantic ties at AmCham Luxembourg

On Tuesday 2 December, Thibaut L’Ortye, Senior Director of Public Affairs, AmCham EU presented The Transatlantic Economy 2025 report at AmCham Luxembourg’s Transatlantic Trade and Investment event. Stacey Feinberg, US Ambassador to Luxembourg highlighted the strong ties between Luxembourg and the US, with over 150,000 people employed thanks to the partnership. During his section, Mr L’Ortye presented the results of the report, with a particular focus on the resiliency of the EU-US relationship. Despite differing views on certain issues, the transatlantic partnership remains the most integrated in the world, directly responsible for 16 million jobs and one third of global GDP.

Transatlantic
Read more
Read more about Exploring transatlantic ties at AmCham Luxembourg
News
9 Dec 2025

Strengthening ties: AmCham EU welcomes Ambassador Andrew Puzder

On Monday, 5 December 2025, AmCham EU hosted the Honorable Andrew Puzder, United States Ambassador to the European Union, for an evening marking his first few months in Brussels. The reception opened with remarks from Liam Benham (Boeing), Chair and Malte Lohan, CEO, AmCham EU Ambassador Puzder shared his initial impressions and outlined his priorities for the US Mission to the EU. With over 200 attendees, we concluded the evening with an informal networking session featuring US-themed food and refreshments, offering further opportunity for open dialogue and connection with the Ambassador and his team. 

Transatlantic
Read more
Read more about Strengthening ties: AmCham EU welcomes Ambassador Andrew Puzder