People’s optimism in their country’s economy has suffered a “massive collapse” globally, based on a worldwide survey with over 32,000 respondents across 28 countries, signifying an increase in fears of job loss and economic inflation, together with growing distrust in governments.
Global economic optimism fell to 40 percent in 2023 from 50 in 2022 and 53 in 2019, according to the 2023 Edelman Trust Barometer report. Respondents from half the countries in the survey registered a double-digit decline year-over-year when it came to believing that their families will be “better off” in five years. Among developed nations, not a single country had more than 36 percent of its respondents believing their families would fare better within the time period.
