Joe Biden’s win in the US presidential election has bolstered expectations for greater global economic stimulus measures. Experts predict a move away from the ‘America First’ policies of the previous administration.

Potential Policy Shifts

A Biden presidency is expected to favor international cooperation and multilateral agreements. This could translate into:

• Increased funding for international organizations
• Coordinated fiscal policies with other major economies
• A renewed focus on addressing global challenges like climate change, which could unlock green investment opportunities

Impact on Markets

The anticipation of a more predictable and cooperative US foreign policy has already had a positive impact on global markets. Investors are betting on increased trade and investment flows.

Challenges Ahead

Despite the optimism, challenges remain. The global economy still faces significant headwinds from the COVID-19 pandemic. Furthermore, securing international agreement on stimulus measures may prove difficult.

Key Considerations:

• The extent of Republican control in the Senate
• The severity and duration of the pandemic
• The willingness of other countries to cooperate

Overall, Biden’s victory has injected a dose of optimism into the global economic outlook, with the potential for coordinated stimulus efforts to support recovery.