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)

Bond yields: No time to die

Bond yields: No time to die

The Federal Reserve is optimistic about US growth prospects next year, with policymakers now calling for three interest rate hikes in 2022. But the US bond market appears to be sending a rather differ...

17 Des 202111min

Why Omicron is no game changer for Europe's growth outlook

Why Omicron is no game changer for Europe's growth outlook

The Omicron variant will hit economic growth in Europe over the coming months, but won't derail the recovery next year, according to ING's Carsten Brzeski, who remains optimistic about the region's pr...

9 Des 202115min

COP26: 'Pitifully inadequate' or 'truly historic'?

COP26: 'Pitifully inadequate' or 'truly historic'?

It's fair to say the COP26 climate agreement in Glasgow has received a mixed response. While UK Prime Minister Boris Johnson hailed the deal as "truly historic" and a "game changer" for the planet, cl...

16 Nov 202112min

A time to taper

A time to taper

To everything there is a season. And for the US Federal Reserve, this is a time to taper. But how significant is the move, when will interest rates rise, and are markets pricing this correctly? In thi...

4 Nov 202113min

The UK's twin tightening gamble

The UK's twin tightening gamble

Chancellor Rishi Sunak says the UK economy is recovering faster than its major competitors and public finances are stabilising. Economic growth for this year has been revised up to 6.5% from 4% in Mar...

28 Okt 202117min

What the Fed taper means for global FX markets

What the Fed taper means for global FX markets

Financial markets have brushed off the Federal Reserve's hawkish shift, as well as a liquidity crisis at Chinese property developer, Evergrande. In this podcast, ING's Global Head of Markets, Chris Tu...

23 Sep 20219min

What Europe's inflation angst means for bonds

What Europe's inflation angst means for bonds

Inflation risks are rising in Europe. But will the region's bond markets take note? European Central Bank member Isabel Schnabel said in a speech this week that while much of the recent rise in prices...

16 Sep 202112min

The cost and credibility of Asia's climate goals

The cost and credibility of Asia's climate goals

Asia emits half the world's carbon dioxide. But ahead of the COP26 climate change talks in November, only a handful of Asian countries have made firm commitments to achieving a net-zero carbon future....

10 Sep 202117min

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