GZERO World with Ian Bremmer
Is a second great depression coming? Adam Tooze on international economic crisis
Is a 2nd Great Depression Coming? | Adam Tooze: Intl Economic Crisis | GZERO World with Ian Bremmer
May 04, 2020
Many of us experienced the major economic impact of the Great Recession from 2008-2010. The definition of a "depression" is harder to articulate, even for economists, because the US hasn't had one since the 1930s. But as unemployment rises and lockdowns to limit the spread of the coronavirus threaten the existence of businesses here in the US and around the world, we ask the question: Is another depression a possibility, and what would that look like today?
On this episode of GZERO World, Ian Bremmer poses this question to Columbia professor, economic historian, and author Adam Tooze. The two discuss the strength of the US and global economies before and during the COVID-19 pandemic, and realistic timeframes for when the financial outlook will improve.
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Artificial intelligence is becoming an increasingly powerful tool for disaster preparedness and emergency response.
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Graham Platner is out of Maine's Senate race. That may improve Democrats' chance of defeating Republican Susan Collins—but it doesn't guarantee it. In the latest episode of the GZERO Debrief, Eurasia Group US Practice Head Clayton Allen says Democrats may be better off than they were a week ago, but Republicans remain the favorites to hold the Senate seat.
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