26 Mar 2020
Trade & External Affairs
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.