Democratic 2020 U.S. presidential nominee Joe Biden points to the crowd after speaking at his election rally, after the news media announced that Biden has won the 2020 U.S. presidential election over President Donald Trump, in Wilmington, Delaware, U.S., November 7, 2020. REUTERS/Jim Bourg
SAN FRANCISCO/NEW YORK: Joe Biden is returning to the White House to lead the United States in the midst of an economic crisis after beating President Donald Trump in Tuesday's election, a turn of events likely to conjure an eerie sense of deja vu for the Democratic former vice president.
Unlike in 2008, when the country elected Democrat Barack Obama and his running mate Biden as the global economy teetered from the sub-prime mortgage crisis and collapse of the Lehman Brothers investment bank, the worst of the current economic downturn may have passed already, economists and analysts say.
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