German companies invest $15.7bn in US projects in 2022, doubling previous year's investment, due to a strong economic outlook and tax incentives.
German companies are investing billions in US projects due to strong economic outlook and lucrative tax incentives, with $15.7bn committed in 2022, nearly double the investment from the previous year. This represents 15% of total commitments for greenfield or expansion projects overseas, compared to 6% a year earlier. The investments come as conditions in Germany's home market and its relationship with China worsen.
February 19, 2024
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