{"id":2802,"date":"2021-08-07T01:10:38","date_gmt":"2021-08-07T01:10:38","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=28218"},"modified":"2021-08-07T01:10:38","modified_gmt":"2021-08-07T01:10:38","slug":"majority-of-global-public-thinks-recovery-will-take-two-years","status":"publish","type":"post","link":"https:\/\/www.travelindex.org\/media\/global-travel-news\/majority-of-global-public-thinks-recovery-will-take-two-years\/","title":{"rendered":"Majority of Global Public Thinks Recovery Will Take Two Years"},"content":{"rendered":"\n
\"Majority<\/a> <\/div>\n

Geneva, Switzerland, August 7, 2021 \/ SWITZERLAND \/ A new public opinion poll found, three in four adults believe it will take at least two more years for their country\u2019s economy to recover from the COVID-19 pandemic and that businesses and governments are expected to share this responsibility.<\/p>\n

The findings are from the latest World Economic Forum\/Ipsos market survey of almost 22,000 people across 29 countries. The global public was asked whether their local economy had already recovered from the pandemic or how long they thought it would take for it to do so.<\/p>\n

On average, globally:
\n<\/strong>\u2013 Only 7% believe their country\u2019s economy has already recovered; this view is most widely held in China (56%) and in Saudi Arabia (by 25%).
\n\u2013 19% believe their economy will have recovered in a year \u2013 a sentiment most prevalent in Saudi Arabia (38%), the United States (32%), and South Korea (31%).
\n\u2013 35% say it will take their country\u2019s economy two or three years to recover; Japan (52%), Chile (46%), Italy and Malaysia (both 44%), and the Netherlands (42%) are most likely to think so.
\n\u2013 39% believe it will take their economy more than three years to recover from the pandemic, with those in Russia (66%), South Africa (62%), Argentina (59%), and Romania (58%) most likely to hold this view.<\/p>\n

Sarita Nayyar, Managing Director, World Economic Forum, says: \u201cThe world is at a global turning point where leaders must cooperate, innovate and secure a robust recovery. COVID-19 has been a litmus test for stakeholder capitalism. Those that focused on the short-term have been the first to suffer. Corporations have a responsibility to work with governments and civil society to address the big global challenges while protecting public health and growth. ESG reporting metrics, investments in green finance and building more inclusive workplaces are promising first steps forward.\u201d<\/p>\n

Who to trust to lead the economic recovery<\/strong><\/p>\n

On average, there are high expectations for both government and businesses to lead the economy recovery, but civil society or NGOs are at the bottom of the table. Globally, 53% say it is the government\u2019s responsibility and 52% say large\/multinational businesses\u2019 responsibility.<\/p>\n

David Sangokoya, Head of Civil Society and Social Justice at the World Economic Forum said: \u201cIn addition to fostering social cohesion, advocating for human rights and providing community assistance, civil society plays a crucial role in promoting a sustainable and equitable recovery and creating an enabling environment in collaboration with business and government. As the world faces three critical crises in the COVID-19 pandemic, climate change and systemic inequalities, the inclusion of civil society in the world\u2019s efforts is necessary to ensure transparency, accountability and impact for communities bearing the brunt of these crises.\u201d<\/p>\n

Signs of economic recovery<\/strong><\/p>\n

Jobs, new businesses opening and increase tourism are the top three signs of economic recovery, according to the survey, followed by infrastructure and social changes.<\/p>\n

Sustainable Development Impact Summit 20-23 September<\/strong>
\nThese issues will be addressed at the Forum\u2019s upcoming Sustainable Development Impact Summit. The virtual four-day event is hosted alongside the United Nations General Assembly and brings together global leaders from business, government, and civil society. It will focus on new technologies, policies and partnerships to advance cooperation, accelerate progress, and highlight tangible solutions to our global challenges. Find out more.<\/p>\n

About the survey<\/strong>
\nThese are findings from a 29-market survey among adults aged 18-74, conducted by Ipsos on its Global Advisor online platform. A total of 21,503 interviews were held between June 25 and July 9, 2021.<\/p>\n

About Ipsos<\/strong>
\nIpsos is the world\u2019s third largest market research company, present in 90 markets and employing more than 18,000 people. They serve more than 5000 clients across the world with 75 business solutions. Founded in France in 1975, Ipsos is listed on the Euronext Paris since July 1st, 1999.<\/p>\n

First published at TravelCommunication.net<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Geneva, Switzerland, August 7, 2021 \/ SWITZERLAND \/ A new public opinion poll found, three in four adults believe it will take at least two more years for their country\u2019s economy to recover from the COVID-19 pandemic and that businesses and governments are expected to share this responsibility. The findings are from the latest World …<\/p>\n","protected":false},"author":2,"featured_media":4126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[88,52,43,252,37,520,285,111,45,46,44,48,59,286,53,251,47],"class_list":["post-2802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-travel-news","tag-covid-19","tag-featured","tag-global-travel-news","tag-klaus-schwab","tag-news","tag-pandemic","tag-recovery","tag-travel-and-tourism-foundation","tag-travel-communication","tag-travel-index","tag-travel-news-hub","tag-unwtp-news","tag-updates","tag-wef","tag-world","tag-world-economic-forum","tag-wttc-news"],"_links":{"self":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/2802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/comments?post=2802"}],"version-history":[{"count":0,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/2802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media\/4126"}],"wp:attachment":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media?parent=2802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/categories?post=2802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/tags?post=2802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}