GDP growth: 3.6%GDP per head: $64,790 (PPP: $64,790)Inflation: 1.7%Budget Balance (% GDP): - 9.2Population: 332.9mJoe Biden’s victory in the presidential election will return America to a semblance of
normalcy, and will shift policy left of centre. But legislating will be difficult, and the
pandemic is taking a severe toll—the country has just over 4% of the world’s population
but has suffered nearly 20% of recorded covid-19 deaths. The availability of a vaccine,
even though “anti-vaxxers” may shun it, will support the economic recovery. Even so,
the bounceback will be underwhelming; America’s $21.5trn economy won’t return to
2019 levels until late in 2021. Racial-justice protests will erupt regularly; police will
need years of retraining before they learn to ask questions first and shoot later.
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