Would a Euro Recession Sink the US Too?
With much hubbub about what a European recession might do to the US , particularly since exports are a significant portion of the economy, the analysts at Fisher Investments took a peek at US export exposure to the region (see below).
It’s pretty clear that—while there of course would be additional knock on effects to a recession in a region as big as the eurozone—the US is not headed for automatic economic doom as a result of its trade there. As of June, US exports to Italy were a little over 1% of total exports; Spain is even less, coming in at roughly 0.7% of total exports; even Germany (the healthiest of the bunch) is well under 4%.
Presented by Fisher Investments: US Exports to European Nations as a % of Total Exports
Categories: Globalization, Media Hype/Myths, Trade, US Economy
european recession, US economy
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