Papers and Reports
The Transatlantic Economy 2021
By: Daniel S. Hamilton & Joseph P. Quinlan
Despite transatlantic political turbulence and the COVID-19-induced recession, the U.S. and Europe remain each other’s most important markets. The transatlantic economy generates $6.2 trillion in total commercial sales a year and employs up to 16 million workers in mutually “onshored” jobs on both sides of the Atlantic. It is the largest and wealthiest market in the world, accounting for half of total global personal consumption and close to one-third of world GDP in terms of purchasing power.