What a Biden economy might look like
ING THINK aloud12 Nov 2020

What a Biden economy might look like

President-elect Joe Biden says the Trump administration’s refusal to concede the election will not affect the transition of power. But could this lack of cooperation be a harbinger of things to come? Unless Democrats can secure two Senate seats in Georgia in a January run-off, Republicans will retain control of the upper chamber, constraining Biden’s ability to push through his economic agenda and the Democrats' proposed fiscal stimulus, worth $3.4 trillion.

The ongoing political division in Washington comes as millions of Americans remain out of work, incomes are being squeezed and rising Covid-19 cases raise the spectre of tighter restrictions. In this podcast, ING’s Chief International Economist James Knightley discusses the outlook for the US economy, with Biden at the helm.

Episoder(125)

Central banks and the road to rate cuts

Central banks and the road to rate cuts

In this week’s THINK aloud, we bring you the highlights of our Economics Live webinar, where we discussed the outlook for the global economy, monetary policy and financial markets with ING's James Kni...

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2023 was the hottest year on record. The Copernicus Climate Change Service says temperatures last year likely exceeded “those of any period in at least the last 100,000 years”. Yet the United Nations ...

7 Mar 202410min

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Recent months have seen the US dollar on a powerful bull run. Propelled by strong economic growth and a hawkish Federal Reserve, which has signalled that interest rates will stay higher for longer, th...

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Why oil prices will stay high and add to stagflation risk

The price of oil surged more than 30% in the third quarter, driven by solid global demand, supply cuts from OPEC+ and additional voluntary cuts from Saudi Arabia and Russia. But is the market starting...

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Central banks and the rate cut countdown

Central banks and the rate cut countdown

As interest rates in the US, UK and Europe approach a peak, and economic growth shows further signs of faltering, the focus has firmly shifted to rate cuts. In this week's THINK aloud, a replay of ING...

19 Sep 202328min

China is no 1990s Japan - but it could have been

China is no 1990s Japan - but it could have been

As the Western world struggles to tame high inflation, fears of persistent deflation are taking root in China. Prices at the factory gate have been dropping for months and in June, fell at the fastest...

3 Aug 202315min

Shocking challenges: Electric vehicles face roadblocks ahead

Shocking challenges: Electric vehicles face roadblocks ahead

Global temperatures have shattered records this month, heightening the urgency to reduce carbon emissions. But the energy transition and the shift to electric vehicles, in particular, is fraught with ...

27 Jul 202311min

There may be trouble ahead... for the UK

There may be trouble ahead... for the UK

In this podcast, a replay of an ING event this week, Developed Markets Economist James Smith and Senior Editor Rebecca Byrne discuss the outlook for UK inflation, interest rates, and mortgage costs, a...

30 Jun 202327min

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