The United States is the world's largest economy, ahead of the People's Republic of China. Thanks in particular to the Biden administration's U.S. stimulus package, Uncle Sam's country has recovered quickly, with GDP growth reaching higher levels than before the pandemic in 2021 and the first quarter of 2022.
Investment and household consumption will be the main drivers of U.S. growth in 2022, with the IMF forecasting robust GDP growth of 5.2 percent. This growth in U.S. GDP is also due to the recovery in international economic activity, particularly with the European Union, the U.S.' largest trading partner in terms of exports. Indeed, thanks to the long-standing close transatlantic relationship based on shared values, trade flows between the U.S. and the EU have resumed in earnest.
It is in this context that the Belgian Foreign Trade Agency, in cooperation with its partners, the FPS Foreign Affairs, Flanders Investment & Trade, AWEX and hub.brussels, is organizing a joint economic mission to the United States of America (Atlanta, New York and Boston) from 4 to 12 June 2022.
You will find a detailed analysis of the American economy in our new publication (only available in French and Dutch):
