US - How will President Biden handle the economic burden?

Well, the die is cast. Joseph Biden Jr. is going to bring his troop to the white in 2021. Putting the politics aside, more people are greatly concerned about the international relations from the economic standpoint. The trade war, the cold war, the deadlock brought economic pressure to many, actually, a lot of nations were affected per se. What are the economic expectation in 2021under Biden? Will people on both sides cheer for the joint effort again after the cold talk?