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What investors need to know about Bidenomics

The great economic experiment comes with risks but they are outweighed by the need to act

By Megan Greene   July 2021

Photo: Alamy

Over the course of the pandemic we have witnessed extraordinary fiscal stimulus programmes from governments to secure recovery. Economic forecasting in this crisis has been extraordinarily difficult, and so has getting the size of the stimulus right. The US has gone much bigger than the rest: how we think about stimulus and policy going forwards depends on the fate of the Bidenomics experiment.

Traditional fiscal stimulus measures are designed to return an economy back towards its ordinary growth rate—to “fill the hole.” But the $4trn in additional spending proposed by the new US president would use the coronavirus…

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