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Financial Historian: How Bad is the US' COVID-19 Economy?
Financial Historian: How Bad is the US' COVID-19 Economy? | Adam Tooze on the Crisis | GZERO World
May 06, 2020
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?
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The dollar has ruled the world economy for 80 years. Yet, tariffs, debt, and political pressure are all chipping away at it. Ian Bremmer explains what it would actually take to bring it down.
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