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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Tensions in the Middle East escalate as Israel launches a surprise military strike against Iran, prompting international concern and speculation about broader conflict. In his latest Quick Take, Ian Bremmer calls Israel’s strike on Iran “a huge success for the Israelis” and a significant blow to Iran’s regional influence.

Iranian policemen monitor an area near a residential complex that is damaged in Israeli attacks in Tehran, Iran, on June 13, 2025.
Morteza Nikoubazl/NurPhoto

Israel bombed Iran’s nuclear facilities Thursday night, causing “significant damage” at the country’s main enrichment plant, killing leading Iranian military figures and nuclear scientists, and sparking fears that the Middle East is on the verge of a wider war.

A tank on display at a park in Washington, D.C., on June 12, 2025, two days ahead of a military parade commemorating the U.S. Army's 250th anniversary and coinciding with President Donald Trump's 79th birthday.

Kyodo via Reuters Connect

The official reason for this weekend’s military parade in Washington DC is to commemorate the 250th anniversary of the US Army – but the occasion also just happens to fall on President Donald Trump’s 79th birthday.