With COVID-19 and concern spreading around the world, Brunswick Insight gathers the latest global sentiment polls.
Please therefore find below this week’s highlights, with links allowing easy access to the detailed findings of each of these polls and publications.
In a hurry?... 3 key facts of the week
1. Future uncertainty: why people don’t see a quick economic recovery from COVID-19.
Most people in 10 out-of-the-15 countries surveyed (by Ipsos) say a quick economic recovery is unlikely once the lock-down from the pandemic is lifted, with this sentiment highest in hard-hit European countries. The uncertainty over when the shutdowns will end, the impact on family income and investments, the speed and depth of the downturn and risk of a new outbreak without a vaccine are all factors weighing on people’s confidence about economic recovery.
2. Although workers are not ready to return to the workplace, they want to know what it will look like when they do.
According to Brunswick’s latest ‘Workforce Outlook’ tracker in the US, 43% of workers want to know their employer’s plans for what it will look like when they eventually return to the workplace, especially those that have been furloughed. Flexi-time / paid time off and childcare are emerging as the biggest sticking points between employers and employees. Communicating not just on the ‘here and now’, but also on the ‘what’s next’, is essential to reassure and provide clarity to employees.
Recent polling by Ipsos conducted across 14 countries globally shows that 71% believe that in the long-term climate change is as serious a crisis as COVID-19. Respondents from China are the most likely (at 87%) to agree, while respondents from the USA and Australia the least likely, but still well over half at 59% agreeing. Overall, 65% agree that it is important that climate change is prioritized in the economic recovery, with support among Chinese respondents (80%) higher than in the US (57%). This week, it is also reported that the pandemic is expected to drive carbon dioxide (CO2) emissions down 6% this year. It is crucial that companies seize this opportunity and prioritize strategies with ESG at the forefront.