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2021/04/01 / Erste Group Research

Biden plan is a sign of the times

This week, the US president presented his next economic package. In contrast to the USD 1.9trn package enacted in mid-March, the American Jobs Plan now presented is not a crisis intervention, but a long-term plan and an economic policy shift. The package provides for a total of USD 2trn in spending, spread over eight years. Over this period, additional spending will amount to 1% of GDP per year.


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General information

AuthorErste Group Research
Date2021/04/01
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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