Future of the US Economy

Positives and negatives Major trends in the US economy Inequality in the USA US colleges Ascription vs. Achievement TTIP End 

Resilience, flexibility and entrepreneurship Positives of the US economy Resilience, flexibility and entrepreneurship Good business-friendly environment Energy and other resources Strong innovation potential Attractive for top-class labor force Globalized economy

Jobs lost to outsourcing and not replaced Economic issues in the US Unemployment Jobs lost to outsourcing and not replaced Downfall of traditional industries (cars,…) Government deficits Negative balance of trade Rising power of lobby groups

Energy self-sufficient by 2030 US to become world’s No. 2 in 2017 Major trends Oil producer No. 1 by 2020 Energy self-sufficient by 2030 US to become world’s No. 2 in 2017 More part-time workers Delays in retirement age Development of high-tech Changes in US demographics Growing gap in incomes

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

TTIP 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%

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