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Shutdown : How Covid Shook the World's Economy
Shutdown : How Covid Shook the World's Economy
Shutdown : How Covid Shook the World's Economy
Shutdown : How Covid Shook the World's Economy
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Shutdown : How Covid Shook the World's Economy

  • In this fast-paced, compelling and at times shocking analysis, Adam Tooze surveys the wreckage, and looks at where we might be headed next.
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Shutdown : How Covid Shook the World's Economy
Shutdown : How Covid Shook the World's Economy
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'A complex story, which Tooze tells with clarity and verve... The world is unlikely to be treated to a better account of the economics of the pandemic' The Times'A seriously impressive book, both endlessly quotable and rigorously analytical' Oliver Bullough, The GuardianFrom the author of Crashed comes a gripping short history of how Covid-19 ravaged the global economy, and where it leaves us nowWhen the news first began to trickle out of China about a new virus in December 2019, risk-averse financial markets were alert to its potential for disruption. Yet they could never have predicted the total economic collapse that would follow in COVID-19's wake, as stock markets fell faster and harder than at any time since 1929, currencies across the world plunged, investors panicked, and even gold was sold. In a matter of weeks, the world's economy was brought to an abrupt halt by governments trying to contain a spiralling public health catastrophe. Flights were grounded; supply chains broken; industries from tourism to oil to hospitality collapsed overnight, leaving hundreds of millions of people unemployed. Central banks responded with unprecedented interventions, just to keep their economies on life-support. For the first time since the second world war, the entire global economic system contracted. This book tells the story of that shutdown. We do not yet know how this story ends, or what new world we will find on the other side. In this fast-paced, compelling and at times shocking analysis, Adam Tooze surveys the wreckage, and looks at where we might be headed next.
Brand
Penguin Books Ltd
Symbol
9780241485873
Producer code
9780241485873
Author
Adam Tooze
Cover
oprawa miękka
Publisher
Penguin Books Ltd
Language
English
Liczba stron
368
Format
164 x 240 x 37
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