Economic optimism has collapsed around the globe due to a number of challenging conditions like inflation, war threat, unemployment, and climate change, all resulting in polarization in society, while businesses are viewed as the only institution that is competent and ethical, according to the 2023 Edelman Trust Barometer.<\/p>\n
This year’s report finds that economic optimism has collapsed globally, from 50 percent to 40 percent, with half of the countries surveyed showing a year-over-year double-digit decline in the belief that their families will be better off in five years’ time.<\/p>\n
This is Edelman’s 23rd annual trust and credibility survey, and the communications firm usually publishes a report every January. A total of 32,000 respondents in 28 countries took part in the 2023 Edelman Trust Barometer online survey conducted from November 1 to 28.<\/p>\n
As per the report, 24 of 28 countries, including the US, the UK, Germany, and Japan are seeing all-time lows in families’ perceptions of their economic future.<\/p>\n