COVID-19

Should the Economy Reopen Now?

Should the economy reopen now? People around the world have very different opinions and feelings about this according to a survey by Ipsos.

Russians are most in favor of restarting the economy and are also among the most fearless if it were to happen. Germans look towards a reopening of businesses and a resumption of travel with even more ease, knowing that their country has put on a good coronavirus response. Only 44 percent of Germans are nervous about venturing out again. Yet, Germans are still somewhat split on the prospect of the economy starting back up, despite the fact that businesses in the country have slowly started opening.

India, which has been under a rather strict lockdown since late March, might not extend business closings and all travel restrictions beyond May 3. This is a prospect that makes almost 80 percent of Indians nervous - the most out of 14 countries in the survey. Yet - maybe out of a consideration of necessity - Indians are slightly in favor of opening up again, with 51 saying they agree with it and 43 percent saying they disagree.

China and Italy - two countries at the frontlines of the coronavirus pandemic - both have a majority of people saying the economy should restart. While the Chinese remain cautious nevertheless and were the second-most worried about going out again in the survey, Italians who have faced the longest lockdown in Europe to-date, feel more ready to resume normal life.

Description

This chart shows survey responses in selected countries to do with reopening the economy and the COVID-19 pandemic (as of April 19, 2020).

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Opinion on recovering of economy after coronavirus (COVID-19) lockdown in Australia as of April 2020
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Level of agreement that the global economy will strengthen in the current year compared to previous year across India as of January 2019
On what terms would you start to travel again after the coronavirus (COVID-19) pandemic?
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Consumer sentiments on the prospect of economic recovery after the COVID-19 pandemic in Indonesia as of May 2020
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Consumer perception regarding economic recovery after coronavirus (COVID-19) in India in September 2020
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Share of adults who are confident in their country's economic recovery from COVID-19 in 2020, by country and degree of confidence

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