Do major strike movements really have an impact on the economy?

by time news

Demonstration in Paris, December 16, 1995, for the withdrawal of the Juppé plan for the reform of Social Security and pensions. STF / AFP

DECRYPTION – While the mobilization against the pension reform seems set to take root over time, the question arises of a possible effect on economic activity.

As Denis Ferrand, Managing Director of the Rexecode Institute, says, “the economic impact of strikes is a bit of a chestnut tree“. With each major mobilization the question arises: what about the impact on GDP then? The social movement of the moment against the pension reform, marked on Tuesday by a third day of demonstrations and strikes in less than three weeks, is no exception to the rule. To answer this question, the turbulent social history of France over the past 50 years (May 68, strikes of 1995, 2010, 2019-2020…) is full of material to analyze.

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