<p>A Joe Biden presidency in the US is expected to mean significant change for the global economy - but anyone hoping for a sudden overhaul of every Trump policy may be disappointed, as Yahoo Finance UK's Tom Belger explains.</p><p>As soon as it started to look like Joe Biden was going to be the next US president, stock markets rallied worldwide.</p><p>But why is that? One thing analysts talk about is predictability.</p><p>Firms typically hate nothing more than uncertainty. Firms and consumers alike are far more likely to be happy spending money, taking risks and investing in the long-term if they’re not afraid there's big, sudden, unpredictable change looming just around the corner. If you can say one thing about Trump, it's that he's anything but predictable.</p><p>But he is also a protectionist. He put up barriers to trade with China and other countries, and those barriers plus fear of more to come had a chilling effect on the global economy. He also set back global efforts on threats like climate change.</p><p>Biden is expected to be a lot more stable and to try to build bridges across the globe. Yet anyone hoping for a sudden reversal of all Trump’s policies is probably going to be disappointed.</p><p>Analysts say he is not going to suddenly give China, Britain or the EU exactly what they want on trade.</p><p>Typically in the past it has often been Democrats more than Republicans who have been sceptical about free trade.</p><p>Expect change - but as UK prime minister Boris Johnson said, don’t expect Joe Biden to be a pushover.</p>
