Bidenomics’ positive impacts for US industries and regions | U.S.

Analysing Joe Biden’s policy agenda, we find that all industries and states would fare better than they would under a status quo policy environment. Model simulations indicate that the professional and business services industry stands to gain the most, supported by Biden’s “Build Back Better,” high-tech investment, and infrastructure plans. Construction and information industries would follow close behind, bolstered by our Bidenomics assumption of $1tn in infrastructure and clean energy spending as well as Biden’s “Buy American” and housing plans.

In this report, you to learn:

  • Among the large state economies, California would benefit the most, growing close to 2ppts faster than in our status quo policy baseline in 2021 – thanks to a lift from faster high-tech, professional and business services, and construction growth. 
  • Construction and information industries would follow close behind, bolstered by our Bidenomics assumption of $1tn in infrastructure and clean energy spending as well as Biden’s “Buy American” and housing plans.
  • Midwestern political swing states would receive a boost in line with the lift to the broad economy. 

Topics: United States, GDP, US election, presidential election, Bidenomics

oren 2