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The Post-Pandemic Recovery’s Missing Link

Not only is the COVID-19 pandemic and recession unprecedented in many ways, but so, too, have been the responses by scientific organizations and financial institutions. But, in a climate of deepening public distrust, it is unclear how long these interventions can be sustained.

PARIS – Trust will be key to the recovery from the COVID-19 pandemic and recession. Yet over the past ten years, people’s trust in governments, public and private institutions, and one another has declined across many of the advanced economies. As is typical in periods of deep uncertainty, the price of gold has skyrocketed in recent months.