Report
Patrick Artus

Towards a serious social crisis in France?

It is important to understand that France could be faced with a more serious social crisis than the "yellow vest" crisis, triggered by three developments. The destruction of manufacturing jobs, due to the shift to electric cars and the decline in needs for industrial equipment, which will accentuate the labour market polarisation even more; The rise in energy prices, due to the inevitable return of taxation of CO 2 , and then the shift to 100% renewable energy; The impossibility of increasing real wages, due to the lack of productivity gains and the competitiveness problems.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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