Ian Bremmer: COVID-19 Economic Shock & What's to Come: Domestic, Global Decisions
May 08, 2020
GZERO Media videos bring you the latest news and analysis about global news and geopolitics, including our television program "GZERO World with Ian Bremmer" and political satire series "Puppet Regime."
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The Great Depression proved a turning point in American policy. What will be the applicable lessons for this coronavirus crisis in 2020 and beyond? Ian Bremmer discusses.
Even before the coronavirus crisis hit, 40% of Americans said they would have difficulty paying an unexpected bill of $400. Since then, tens of millions of Americans have lost their jobs. Is the US headed for a 2nd Great Depression, as economists such as Joseph Stiglitz suggest? We've had to shut our economy down to slow the spread of the coronavirus. Will there be appetite for a new, New Deal? This crisis is different, with 2 emergency rate cuts from the Fed. And what will happen globally, where a multilateral solution will be more challenging?
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