The European Union (EU) and the United States (US) have the largest bilateral economic relationship in the world, which influences the global economy to a large extent. This is because one or other of the two is the largest economic partner, in terms of combined trade and investment, of most other countries. Furthermore, they carry enormous heft globally in terms of consumer wealth and gross domestic product (GDP); they account for the lion’s share of the digital economy; and remain open destinations, as manifested by their share of world trade, inward foreign direct investment (FDI) levels and mergers and acquisitions
Importance of transatlantic economy on global stage: Selected indicators
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