The economic challenges facing Joe Biden as he enters the White House

  • Date: 18-Jan-2021
  • Source: SkyNews
  • Sector:Economy
  • Country:Middle East
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The economic challenges facing Joe Biden as he enters the White House

Joe Biden faces two economic challenges in taking office this week.The first and most immediate priority will be to have to get to grips with the COVID-19 pandemic and the damage it has inflicted on the US economy.

The roll-out of vaccines itself is way behind where those who run US health policy had hoped it would be and, with the number of cases having topped 23 million, the pandemic is still raging. Mr Biden's challenge here will be to try to control and bring down the spread of the virus without doing further harm to the economy.

Along with this comes the second economic challenge, chiefly, how to put right the damage that has already been done to the US economy.The latest figures spell this out.