Panel Discussion on State of Transatlantic Economy at Austrian Embassy

Wolfgang Petritsch (left), Irene Braam, Ambassador Petra Schneebauer, and Daniel Hamilton (right)

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Participants in panel discussion on the State of the Transatlantic Economy at the Austrian Embassy in Washington on April 17, 2023

© ÖB Washington

On April 17, 2023, the Austrian Embassy in Washington together with the Bertelsmann Foundation hosted a panel discussion with experts from local think-tanks and Austria on The State of the Transatlantic Economy in Times of Global Disruption. After opening remarks by Ambassador Schneebauer, Frances Burwell, a Distinguished Fellow at the Atlantic Council, moderated the discussion. Panelists included Wolfgang Petritsch, the President of the Austrian Marshall Plan Foundation and Austrian Institute for International Affairs; Irene Braam, Executive Director of the Bertelsmann Foundation; and Daniel Hamilton, Senior Fellow, Foreign Policy Institute, Johns Hopkins University SAIS, and author of The Transatlantic Economy 2023. The discussion revealed that the transatlantic economy has proven remarkably resilient in the face of multiple crises from the COVID-19 pandemic, to Russia’s war on Ukraine and supply-chain disruptions. Professor Hamilton’s study highlighted that the EU and the US are one another’s most important trading partners with EU-US goods and services trade, for example, amounting to €1.4 trillion in 2021, 34% higher than EU-China trade.

Opening remarks by Petra Schneebauer at panel discussion on the State of the Transatlantic Economy

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