A new Ipsos survey for the World Economic Forum finds that, on average, about three in four adults across 29 countries believe it will take at least two more years for their country’s economy to recover from the COVID-19 pandemic. Only 7% believe their country’s economy has already recovered from the pandemic and 19% that it will have recovered one year from now. Optimism is most prevalent in China where 56% think their economy has already recovered and most scarce in Russia where 66% say recovery will take more than three years.

Citizens tend to expect their country’s government and large/multi-national businesses to lead their economy’s recovery. On average, in the 29 countries, the government and major companies are both cited by majorities of those surveyed as the entities they trust most to take primary responsibility for recovering their national economy, ahead of consumers, small businesses, and non-governmental organizations. However, one in seven don’t trust any of these groups to help recover the economy rebound.

The three developments that are most widely seen as indicators that the local economy is recovering from the pandemic are: (1) people one knows getting called back to work or getting new jobs, (2) new businesses opening, and (3) increased tourism.

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Source: IPSOS