For Some, A Little Faith Goes A Long Way
Finweek English|27 August 2020
Can religion make people more resilient during times of hardship? Recent research suggests so.
- Johan Fourie
For Some, A Little Faith Goes A Long Way
No industry has been left untouched by Covid-19. Religious and spiritual services are no exception. Churches across South Africa closed during hard lockdown; many remain closed, with services moving online. The Hajj pilgrimage that began on 28 July had only 1 000 pilgrims, down from 2.5m in 2019. Public celebrations of Jewish Passover have been cancelled. Buddhists around the world observed Vesak Day virtually.

The financial implications of such a supply shock are becoming all too clear. Donations have fallen and many churches have been forced to delay or scrap their outreach programmes. Some ministries have had to let go of staff. Places that depend on pilgrimages have been particularly badly hurt. The Santiago de Compostela Cathedral has been renovated at great expense in anticipation of the surge of Camino pilgrims expected to make the journey during next year’s Holy Year; many may choose to suspend their plans. The Hajj and Umrah usually add $12bn, or 7%, to Saudi Arabia’s GDP; the collapse of pilgrim numbers would have seriously hurt Mecca’s economy.

But in contrast to other industries, where supply shocks have been exacerbated by a decline in demand, the pandemic has forced people to reflect on their own mortality and the meaning of life. Many have turned to religion for answers. In the US, more than half of all respondents to a Pew Research survey in March said that they “prayed for an end to the spread of coronavirus”. In the same survey, 29% of Americans said that the pandemic has strengthened their faith or spirituality; only 3% said their faith had deteriorated. While the supply of religious and spiritual services may have declined, demand is certainly on the increase.

この蚘事は Finweek English の 27 August 2020 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Finweek English の 27 August 2020 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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