For months, analysts have been speculating on what would happen to the United States, global economies and financial markets in the event of a Biden presidency, which is finally at hand. But while there is hope for an overhaul of many economic and social policies, the path ahead is strewn with political obstacles.

Far from a landslide as Democratic Party hopefuls had expected, the 2020 presidential race was a dramatic nail-biter, with a come-from-behind victory for Mr Joe Biden after photo finishes in at least three states.