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

 
9780141995441: Shutdown: How Covid Shook the World's Economy
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  • PublisherPenguin
  • Publication date2023
  • ISBN 10 0141995440
  • ISBN 13 9780141995441
  • BindingPaperback
  • Number of pages384
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Tooze, Adam
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ISBN 10: 0141995440 ISBN 13: 9780141995441
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Book Description Paperback. Condition: new. Paperback. From the author of Crashed comes a short, high-speed history of how Covid-19 ravaged the global economy, and where it leaves us nowWhen the news first emerged from 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. 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. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780141995441

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