Is a new global Great Depression inevitable?

Upcoming recession risks matching the 1930s for severity, but doesn’t have to last as long

River Thames
(Image credit: Barry Lewis)

As coronavirus lockdowns cripple the normal functioning of economies around the world, business leaders and economists are beginning to count the financial cost of the pandemic.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.