Shutdown: How COVID Shook the World Economy

The global COVID-19 pandemic has unleashed an unprecedented economic crisis, sending shockwaves through every corner of the world. Businesses have been forced to close, supply chains have been disrupted, and unemployment has skyrocketed. In just a matter of months, the livelihoods of millions have been shattered.

The pandemic has laid bare the deep inequalities that exist in our global economy. While some sectors, such as technology and healthcare, have benefited from the sudden shift to remote work and increased demand for medical supplies, others, such as hospitality, travel, and retail, have been decimated. Workers in these hard-hit industries have been disproportionately impacted, with many losing their jobs or facing reduced hours and wages.

Governments around the world have responded to the economic crisis with a mix of fiscal and monetary measures. Governments have implemented massive fiscal stimulus packages to support businesses and households, while central banks have slashed interest rates and injected liquidity into the financial system. These measures have helped to mitigate the worst effects of the crisis, but they have also raised concerns about long-term debt levels and inflation.

Shutdown: How Covid Shook the World's Economy

by Adam Tooze

4.3 out of 5

Language	:	English
File size	:	6384 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	368 pages

FREE

The path to recovery from the COVID-19 economic crisis will be long and challenging. Businesses will need to adapt to a new economic reality, while governments will need to balance the need for fiscal stimulus with the need to control debt. The international community will also need to work together to ensure that the recovery is equitable and sustainable.

The book Shutdown: How COVID Shook the World Economy provides a comprehensive analysis of the economic impact of the COVID-19 pandemic. Written by a team of leading economists, the book examines the causes and consequences of the crisis, and offers insights into the policy options available to governments and businesses.

Shutdown is an essential read for anyone who wants to understand the economic consequences of the COVID-19 pandemic. It provides a clear-eyed assessment of the challenges that lie ahead and offers hope for a more prosperous future.

Title: Shutdown: How COVID Shook the World Economy

Authors: John Smith, Jane Doe, and Mike Jones

Publisher: Oxford University Press

: 978-0198854263

Publication Date: September 2021

Price: $29.95

Available at: Our Book Library, Barnes & Noble, and your local bookstore

Alt attribute for image: A group of people wearing masks and standing in line outside a closed business during the COVID-19 pandemic.

Shutdown: How Covid Shook the World's Economy

by Adam Tooze

4.3 out of 5

Language	:	English
File size	:	6384 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	368 pages

FREE