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Is a Second Great Depression Coming? Adam Tooze on International Economic Crisis

Many of us experienced the major economic impact of the Great Recession from 2008-2010. The definition of a "depression" is harder to articulate, even for economists, because the US hasn't had one since the 1930s. But as unemployment rises and lockdowns to limit the spread of the coronavirus threaten the existence of businesses here in the US and around the world, we ask the question: Is another depression a possibility, and what would that look like today?

On this episode of GZERO World, Ian Bremmer poses this question to Columbia professor, economic historian, and author Adam Tooze. The two discuss the strength of the US and global economies before and during the COVID-19 pandemic, and realistic timeframes for when the financial outlook will improve.

Coronavirus Politics Daily: Polio eyes a comeback in Africa, Malawi's corona mess, America's economic bounce back

Polio eyes a comeback in Africa: The public health impacts of COVID-19 will go far beyond the number of people that the disease kills directly, especially in developing countries that are still struggling to contain other infectious diseases at the same time. The West African nation of Niger, for example, has now become the 15th country on the continent to report a fresh outbreak of polio, as mass immunization programs against the disease are suspended due to the coronavirus pandemic. Polio was largely eradicated in industrialized countries by the 1960s, but as recently as the late 1990s, it still affected as many as 75,000 people annually in Africa. Since then, immunization has virtually eliminated wild strains of the virus on the continent, but isolated outbreaks can still occur when recently vaccinated children transmit the virus to the unvaccinated. The challenge of keeping polio in check during the coronavirus pandemic comes alongside the potential resurgence of measles. As at least 24 countries have suspended their vaccination programs against that disease due to social distancing requirements.
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