Financial Historian: How Bad is the US' COVID-19 Economy?

May 06, 2020

Financial Historian: How Bad is the US' COVID-19 Economy? | Adam Tooze on the Crisis | GZERO World

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In an interview with GZERO World host Ian Bremmer, economic historian Adam Tooze separates the hyperbole from the reality when it comes to the economic crisis. He says the world is in "new territory," and much uncertainty exists about when and how the situation improves. At the same time, the level of global financial stimulus is unprecedented.

How well will the US economy be able to digest the economic shocks being experienced now, and what will the consequences be in 18 months?

What We’re Watching: Budapest Pride parade, Rwanda and DRC peace agreement, SCOTUS ruling on Trump’s executive power

A woman lights a cigarette placed in a placard depicting Hungary's Prime Minister Viktor Orbán, during a demonstration, after the Hungarian parliament passed a law that bans LGBTQ+ communities from holding the annual Pride march and allows a broader constraint on freedom of assembly, in Budapest, Hungary, on March 25, 2025.

REUTERS/Marton Monus

Hungary’s capital will proceed with Saturday’s Pride parade celebrating the LGBTQ+ community, despite the rightwing national government’s recent ban on the event.

Where we get our news - and why it changes everything

American President Donald Trump's X Page is seen displayed on a smartphone with a Tiktok logo in the background

Avishek Das / SOPA Images via Reuters Connect

In August 1991, a handful of high-ranking Soviet officials launched a military coup to halt what they believed (correctly) was the steady disintegration of the Soviet Union. Their first step was to seize control of the flow of information across the USSR by ordering state television to begin broadcasting a Bolshoi Theatre production ofSwan Lake on a continuous loop until further notice.

Financial Historian: How Bad is the US' COVID-19 Economy?

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Financial Historian: How Bad is the US' COVID-19 Economy?

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More from GZERO Media

Hungary’s capital will proceed with Saturday’s Pride parade celebrating the LGBTQ+ community, despite the rightwing national government’s recent ban on the event.

Think you know what's going on around the world? Here's your chance to prove it.

Small businesses are more than just corner shops and local services. They’re a driving force of economic growth, making up 90% of all businesses globally. As the global middle class rapidly expands, new opportunities are emerging for entrepreneurs to launch and grow small businesses.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

The two-day NATO summit at the Hague wrapped on Wednesday. The top line? At an event noticeably scripted to heap flattery on Donald Trump, alliance members agreed to the US president’s demand they boost military spending to 5% of GDP over the next decade.