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.
More For You
Could Chinese AI give Europe an edge? | The Debrief with Heather West
Could China give Europe a shortcut in the AI race?
Europe has struggled to build models that compete with American and Chinese rivals. But Chinese models that companies can download, customize, and run themselves could offer another way forward—with more control over data and security.
Most Popular
- YouTube
With the midterms just weeks away, Democrats are hoping for a blue wave, while Republicans are fighting to hold onto Congress. Amy Walter and Liam Donovan join Ian Bremmer to break down the races, the issues driving voters, and what the results could mean for Trump's presidency.
With the midterms just weeks away, Democrats are eyeing control of Congress as Republicans struggle with the political fallout from the Iran war, rising prices, and Trump's unpopularity. Amy Walter and Liam Donovan join Ian Bremmer to break down what could happen in November and what it means for the future of both parties.
Since returning to power in 2025, the Trump administration has drastically changed the answer to this question, pursuing an ‘America First’ philosophy that is dramatically more transactional: the US will give you money, but you must give the US something valuable in return.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.