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?

Hard Numbers: Judge orders temp shutdown of Alligator Alcatraz, Colombian violence spreading, Women’s Rugby World Cup begins, & More

Protesters line the street outside Alligator Alcatraz in Ochopee, Florida, holding signs during a vigil on Aug. 10, 2025.

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60: A federal judge gave the White House and the Florida state government 60 days to shut down “Alligator Alcatraz,” a controversial immigration detention center in the Florida Everglades that has become a symbol of US President Donald Trump’s severe immigration policies.

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

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Hard Numbers: Judge orders temp shutdown of Alligator Alcatraz, Colombian violence spreading, Women’s Rugby World Cup begins, & More

60: A federal judge gave the White House and the Florida state government 60 days to shut down “Alligator Alcatraz,” a controversial immigration detention center in the Florida Everglades that has become a symbol of US President Donald Trump’s severe immigration policies.

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

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Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

America’s retreat from global aid is leaving a massive funding gap that no other country is stepping in to fill, leaving the world’s poorest to pay the price, warns IRC president & CEO David Miliband on GZERO World with Ian Bremmer.

In this episode of Ian Bremmer’s Quick Take, Ian explores the state of capitalism in the United States.

“Pain and agony and suffering,” wrote Sam Angel, about his job hunt. He recently graduated with a masters in Cold War military history from Columbia University in New York, having decided to go right into a masters program after finishing undergrad.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

As global conflicts surge, the refugee crisis is spiraling out of control. How is the world responding? International Rescue Committee president & CEO David Miliband joins Ian Bremmer on GZERO World.

David Miliband, IRC president & CEO, joins Ian Bremmer on the GZERO World podcast to discuss the worsening humanitarian crisis as the number of refugees and forcibly displaced people reaches record highs amid shrinking aid budgets and a pullback of US foreign aid.

A record 123 million people have been forcibly displaced worldwide, straining poorer countries and an unraveling aid system. Ian Bremmer breaks down the refugee crisis and the growing threat to global stability.

60: A federal judge gave the White House and the Florida state government 60 days to shut down “Alligator Alcatraz,” a controversial immigration detention center in the Florida Everglades that has become a symbol of US President Donald Trump’s severe immigration policies.