Who does the world trust more — CEO or politician?
A major survey suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos
Davos — People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos. The annual Edelman Trust Barometer shows only one in five people believe the economic, political and social system is working for them, while nearly 60% think trade conflicts are hurting their companies and putting their jobs at risk. The sense of gloom is strongest in developed markets led by Japan, where 84% of the general public — excluding the “informed public” who are university-educated, earn above-average incomes and consume news regularly — do not believe they will be better off in five years' time, followed by France at 79%, Germany at 74% and Britain at 72%. That is far above the average 49% of the 27 countries examined in the research. Amid low confidence that politicians will fix the problems, these people are turning to companies, with 75% sayi...
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