How building trust can improve the economy

Trust is a powerful concept that affects business’ ability to invest, to increase productivity and ultimately to improve GDP, as seen in examples such as trusting workers to be productive at home, more ambitious R&D projects and decentralized corporate structures, write Deloitte Touche Tohmatsu economists Ira Kalish and Michael Wolf, and Jonathan Holdowsky of Deloitte Services. “Trust has clear implications for the macroeconomy, but that trust is built from the actions taken by businesses and the leaders that guide them,” they write.