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Last week, both personal and family concerns rose by 5% and 12% respectively; this week professional concerns have followed with a 16% increase. As government data suggests the peak of infection is behind us, the focus is shifting to life after lockdown.
Easing of lockdown has been ‘chaotic’
Our research panel expects the outbreak to be contained by October but believes government communications on the easing of lockdown have not been clear enough. Some respondents think the UK government is taking shortcuts to speed up the reopening of the UK economy.
As a result, some research panellists are worried about the risk of a second peak if people interpret guidelines more loosely. Others are worried that the ongoing protests by the Black Lives Matter movement and the holiday season could cause the rate of infection to rise again.
Most respondents have not yet been able to send their children or grandchildren back to school – still just 12% of those who have (grand-) children have done so. Children who have not attended live online classes have had limited to no teacher interaction since the start of lockdown, mostly relying on worksheets and pre-recorded videos.
Economic data raises concerns about the road to recovery
The expected minimum duration of macro effects of the pandemic has increased again (by 16%), taking us into the summer of 2022. Economic data in the UK signals a deep recession ahead, and a potential no-deal Brexit could have a knock-on effect, while US employment data is raising concerns about a global downturn.
While the economic data is bleak, some respondents have been able to capitalise on investment opportunities in improving markets. However, property investments remain a problematic area, and sectors such as retail, transport and restaurants have also been severely affected. Investment gains have come mainly from those serving the digital economy.
What do you think about the easing of lockdown and economic recovery? Click here to take next week’s survey.
This short weekly survey helps gauge sentiment of our community on the pandemic. The results are distributed each week via the community newsletter.
The COVID Concern Index values should be used as indication only and do not constitute advice. Their values are bound by the choices available in the survey on which they are based.
COVID Concern Index:
0 = respondents are not worried at all
100 = respondents are extremely worried
Expected minimum duration of outbreak:
Lowest possible value = 1 month
Highest possible value = 6 months
Expected minimum duration of macro effects:
A methodology change took place on 15/04/2020, affecting data from 21/04/2020 onwards.
Prior to 15/04/2020:
Lowest possible value = 3 months
Highest possible value = 12 months
Following 15/04/2020:
Lowest possible value = 3 months
Highest possible value = 60 months
Concerned about the coronavirus outbreak and its macro implications? Click here to take part in the weekly COVID-19 survey.
