Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Coronavirus health fears outweigh concern for economy: global survey

Published 05/05/2020, 12:09 AM
Updated 05/05/2020, 02:40 AM
© Reuters. People wearing protective masks cross a bridge in the Central Business District on a “blue sky day" in Beijing as the spread of the novel coronavirus disease (COVID-19) continues

By Mark John

LONDON (Reuters) - A substantial majority of people around the world want their governments to prioritise saving lives over moves to restart economies being hammered by measures aimed at halting the spread of the new coronavirus, a global survey found.

The latest findings of the "Edelman Trust Barometer," which for two decades has polled tens of thousands of people on their trust in core institutions, challenge the notion that "lockdown fatigue" is rising among populations hit by the pandemic.

Overall, 67% of the 13,200-plus people interviewed between April 15 and April 23 agreed with the statement: "The government's highest priority should be saving as many lives as possible even if it means the economy will recover more slowly."

Just one-third backed the assertion: "It is becoming more important for the government to save jobs and restart the economy than to take every precaution to keep people safe."

The study, produced by U.S. communications company Edelman, was based on fieldwork carried out in Canada, China, France, Germany, India, Japan, Mexico, Saudi Arabia, South Korea, the United Kingdom and the United States.

Some 76% of Japanese respondents agreed public health should be prioritised over the economy against just 56% in China, where the outbreak was first detected late last year. China now has only a handful of new cases a day, after imposing a strict lockdown earlier.

In Canada, the UK and France, 70% or more of the respondents were in favour of prioritising health concerns. In the United States, where anti-lockdown protests in some cases were encouraged by President Donald Trump, the figure was 66%.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"It's complicated because you have two crises simultaneously - a health crisis and an economic crisis," said Richard Edelman, CEO of Edelman.

"But people are saying, 'We've already had six to seven weeks of this (restriction on activity), what's another week or two?'"

Governments around the world have varied widely in their response to the pandemic since its first known outbreak in the Chinese city of Wuhan in early December.

Authorities in New Zealand and Vietnam have been praised for early moves to halt the spread with social distancing measures while governments in the United States, UK, Japan, Russia and elsewhere have faced criticism for a lack of preparedness.

The Edelman survey found, however, that trust in the institution of government had risen across the board, with an overall gain of 11 points from its January survey to an all-time study high of 65%.

That figure reflected an appreciation of state support for the economy and the work of public health services. Conversely, only 29% agreed that CEOs and business leaders were doing an "outstanding job" meeting the demands of the moment.

"Business will be looked at very closely in the months ahead," Edelman said, citing how companies perform in areas such as retaining and reskilling workers or using small businesses in their supply chains.

Latest comments

The economy cannot thrive again until people feel safe being in large groups again. So it makes no sense to put the economy first.
The numbers in the US aren't justifying a prolonged shutdown.
The numbers in the US aren't justifying a prolonged shutdown.
the numbers don’t justify this being labeled a pandemic. In my state the deaths are less than 1% of tge population.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.