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German American Business Outlook (GABO)

The German American Business Outlook is an annual survey conducted among German subsidiaries in the United States. It is one of the most important indicators of sentiment in the transatlantic economic space. The study is carried out in collaboration with the German American Chambers of Commerce (AHK USA), the Association of German Chambers of Industry and Commerce (DIHK), and KPMG.

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Summary of the GABO Survey 2025

 

  • Investments: 84% of German subsidiaries in the U.S. plan to invest within the next three years, with 27% planning to establish new production facilities.
  • Workforce: 88% intend to expand their U.S. workforce by 2029.
  • U.S. Market: 74% consider U.S. revenue and 72% U.S. profits essential to their global success.
  • Tariffs: 81% expect negative impacts from potential U.S. tariffs.
  • Economy: 95% anticipate U.S. economic growth in 2025 – a significantly more optimistic outlook compared to 2024.
  • Challenges: Labor shortages, political uncertainty, and inflation remain major concerns — both in the U.S. and in Germany.
  • Trend: The focus on local production in the U.S. (“Local for Local”) continues to grow.

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