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Shutdown
- How Covid Shook the World's Economy
- Narrated by: Adam Tooze - introduction, Simon Vance
- Length: 12 hrs and 37 mins
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Publisher's Summary
Brought to you by Penguin.
When 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 off.
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.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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- Love it
- 25-06-2022
A really good history
A poignant and insightful global historical account of the social and economical process of government central banks and multi unions. That I think will be an important piece of literature in the telling of the covid story. Well worth the reading.
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- Anonymous User
- 06-11-2021
Outstanding
An excellent insight into the challenges presented by the pandemic and the unprecedented maneuvering and lever pulling by the central banks to keep the world economy afloat.
I’d ignore the low reviews from people too wrapped up in their own biases and ideological frameworks…. The bias in this overview is minimal and the book gives an excellent overview of our current situation
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2 people found this helpful