It's still not clear yet if the next U.S. president will be incumbent Donald Trump or Democratic challenger Joe Biden, but whoever triumphs will face monumental challenges on the economic front. It has wiped away more than a year of economic output and more than five years of jobs growth. The workforce is now smaller than it was a year before Trump first took office. Beyond jobs lost and economic output curtailed, either Trump or Biden will face a list of long-term headwinds including deepening inequality, rising federal debt and tattered international trade relations. In the run-up to the election, Trump consistently polled better than Biden on his ability to create jobs and manage the economy, if not the virus.

Source: Mint November 05, 2020 01:52 UTC