Future of the US Economy

1. Positives and negatives2. Major trends in the US economy3. Inequality in the USA4. US colleges5. Ascription vs. Achievement6. TTIP7. End

Positives of the US economy

1. Resilience, flexibility and entrepreneurship2. Good business-friendly environment3. Energy and other resources4. Strong innovation potential5. Attractive for top-class labor force6. Globalized economy

Economic issues in the US

1. Unemployment2. Jobs lost to outsourcing and not replaced3. Downfall of traditional industries (cars,…)4. Government deficits5. Negative balance of trade6. Rising power of lobby groups

1. Oil producer No. 1 by 20202. Energy self-sufficient by 20303. US to become world’s No. 2 in 20174. More part-time workers5. Delays in retirement age6. Development of high-tech7. Changes in US demographics8. Growing gap in incomes

Major trends

Inequality in the USA

US Colleges

Ascription vs. achievement

TTIP

• 30% of Global Trade• 50% of Global GDP• Balancing China•2 years of preparations•Expected conclusion 2014/2015•EU €120 mld. (0.5% GDP)•USA €95 mld. (0.4% GDP)•Increase in income 545 EUR/year/family

Tariffs:

• 5,2% of EU imports • 3,5% of US imports• Exceptions: textile, apparel, shoe wear – 40%, 32%, 56%

Regulation:

• Automotive – same products, differing standards• Pharma – double production checks• Chemical – considerable differences in legislation

TTIP

EU export increases:

• Vehicles: +41%• Metals: +12%• Chemicals: +9%• Food: +9%

TTIP

Thank you for your attention