German Companies Bullish on U.S. Economy

German companies operating in the United States have a positive outlook on the U.S. economy. A panel of experts expressed the need for better vocational training in manufacturing.

This photo montage puts Wall Street right next to the Brandenburg Gate in Berlin. German-American business ties are strong and could be getting stronger, according to a survey of senior managers of German companies. www.ahk-usa.com

German companies operating in the United States are optimistic looking into 2013 and hope to strengthen the U.S.–German relationship. They expect moderate growth and want to hire staff in 2013.

“The transatlantic market place is still the most important global market,” said Busso von Alvensleben, the German consul general in New York. In his opening remarks at the German American Business Outlook (GABO) conference, he stressed the need to deepen the U.S.–European economic partnership. GABO, which takes place once per year, was hosted by the German American Chamber of Commerce (GACC) in New York, Dec. 3.