U.S. Economic Challenges for the Biden Administration

Author
PaweĊ‚ Markiewicz
Content Type
Special Report
Institution
The Polish Institute of International Affairs
Abstract
The U.S. economy is emerging from the recession caused by the COVID-19 pandemic. To maintain growth and at the same time achieve climate and technology goals, the Biden administration is pushing large socio-economic programmes. To pass them in Congress, the administration will be forced to reach compromises with factions within the Democratic Party. Biden also will need some Republican support. In foreign policy, these programmes aim to strengthen the U.S. position in its rivalry with China, something that also opens greater possibilities for closer cooperation with the EU.
Topic
Economics, Politics, COVID-19, Joe Biden
Political Geography
China, North America, United States of America