How the COVID-damaged economy surprised Adam Tooze

How the COVID-Damaged Economy Surprised Adam Tooze | GZERO World

The pandemic hit the global economy hard, and many economies are still hurting. But it could have been even worse. In May 2020, economic historian Adam Tooze told GZERO World that the world was facing a second Great Depression. Now in a new interview with Ian Bremmer, Tooze is back to explain why the US economy rebounded so surprisingly fast, while much of the rest of the world lags behind.

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German Chancellor and chairwoman of the Christian Democratic Union (CDU) Angela Merkel addresses a news conference in Berlin, Germany September 19, 2016.
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Angela Merkel was elected chancellor of Germany on November 22, 2005, becoming the first woman to hold that job. During that time Merkel was arguably the most powerful woman in the world, presiding over one of its largest economies for four terms in the Bundesregierung. Twenty years on, the anniversary is a reminder of how singular her breakthrough remains. It’s still the exception when a woman runs a country.