Shutdown: How Covid Shook the World's Economy by Adam Tooze

Please visit https://thebookvoice.com/podcasts/1/audiobook/492781 to listen full audiobooks. Title: Shutdown: How Covid Shook the World's Economy Author: Adam Tooze Narrator: Adam Tooze, Simon Vance Format: Unabridged Audiobook Length: 12 hours 37 minutes Release date: September 7, 2021 Genres: Economics 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. © Adam Tooze 2021 (P) Penguin Audio 2021 THIS AUDIOBOOK MAY INCLUDE INFORMATION REGARDING THE COVID-19 PANDEMIC. INFORMATION RELATED TO COVID-19 CONTINUES TO EVOLVE. AUDIOBOOKS.COM ENCOURAGES YOU TO SEEK UP-TO-DATE INFORMATION AND GUIDANCE FROM YOUR LOCAL PUBLIC HEALTH UNIT.