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Country Forecast United States Updater

  • ID: 2105469
  • Country Profile
  • August 2021
  • Region: United States
  • 16 Pages
  • The Economist Intelligence Unit
The president, Democrat Joe Biden, took office in January 2021, marking the end of a volatile transition period. Nonetheless, The Economist Intelligence Unit expects the former president, Donald Trump, to remain politically active in 2021-24, which will continue to fuel partisan tensions.

Democrats will control both houses of Congress until the next mid-term elections in 2022. However, their narrow majorities will still constrain Mr Biden's agenda in some areas, including tax reform and healthcare. Legislative progress is likely to slow in 2022 as the mid-term elections approach.

The Biden administration's legislative priority is to push a comprehensive economic stimulus plan through Congress. We expect a slimmed-down infrastructure bill, worth US$1trn, to be passed before October 2021. Democrats will then shift their focus to passing a broader package of social spending, but these plans will meet with broad opposition in Congress.
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Country Forecast United States Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: United States of America's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market
Technological readiness

Fact sheet

Outlook for 2021-25: Political stability

Outlook for 2021-25: Election watch

Outlook for 2021-25: International relations

Outlook for 2021-25: Policy trends

Outlook for 2021-25: Fiscal policy

Outlook for 2021-25: Monetary policy

Outlook for 2021-25: Economic growth

Outlook for 2021-25: Inflation

Outlook for 2021-25: Exchange rates

Outlook for 2021-25: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data sources and definitions
Global data
Domestic data
Note: Product cover images may vary from those shown