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Financial Historian: COVID-19 Economic Depression

Financial Historian: COVID-19 Economic Depression | Tooze Sees Prolonged Unemployment | GZERO World

While some European economies have experienced depression in modern times, the US hasn't seen one since the 1930s. In a conversation with Ian Bremmer for GZERO World, Economic Historian Adam Tooze points to a dangerous mix of rising unemployment, skittish investors, and a lack of a social safety net as signs that it's time to discuss the possibility of prolonged economic depression.
In this Quick Take, Ian Bremmer examines what may come next in the US-Israel war with Iran as the Trump administration signals significantly larger military operations ahead.
Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney struck a series of deals during a meeting in New Delhi on Monday, including a 10-year nuclear energy deal under which Canada will provide India with uranium.
A satellite image shows black smoke rising and heavy damage at Iranian Supreme Leader Ayatollah Ali Khamenei's compound, following strikes by the United States and Israel in Tehran, Iran, on February 28, 2026.
Supreme Leader Ali Khamenei is dead, the conflict is spreading, and US President Donald Trump still isn’t clear on who he wants to run Iran.
Shipping in the world’s most crucial oil chokepoint has nearly ground to a halt after at least four tankers were targeted in Iran’s retaliation to US and Israeli strikes on Saturday.