What is the relationship between trust and the macroeconomy?

The good news is that the positive relationship between trust and the macroeconomy is well-known. Countries where businesses, governments, and other institutions have engendered more trust experience stronger per capita real GDP growth, a standard measure of economic prosperity.

How does trust affect economic prosperity?

Countries where businesses, governments, and other institutions have engendered more trust experience stronger per capita real GDP growth, a standard measure of economic prosperity. Using trust among individuals as a proxy for the level of trust built within a country, macroeconomists have shown that as trust improves, economic prosperity grows.

How does trust affect economic growth?

Put Trust at the forefront of your planning, strategy, and purpose, and your customers will put Trust in you. Deloitte can help you measure, enhance, and amplify Trust in your organization. The erosion in trust has serious implications for the economy and is foundational to business. This article explores the link between trust and economic growth.