Why is good news scary?

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At 7%, according to Eurostat, unemployment has never been so low for forty years in France. Philippe Devanne/philippe Devanne – stock.adobe.com

ANALYSIS – Inflation, climatic risks, abyssal debt… These “dark winds” make us forget a remarkable turning point: unemployment seems to be on the way to being brought under control.

Rarely has the period of vows been so gloomy. It’s raining constantly, trade unionists are delighted with the country’s next blockage and economists are discussing the extent of the crisis to come. “A third of the global economy will be in recession in 2023, and even countries that aren’t actually in recession will feel it”advanced thus, the 1er January, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). In the process, the World Bank halved its global growth forecast.

Admittedly, the geopolitical vagaries are worrying, the climatic risks are getting worse, the debt remains abysmal and the spread of inflation, in Europe, to all goods and services bodes well for complicated months. These “dark winds”, however, tend to make us forget a remarkable turning point: unemployment, “the evil of the century” which undermined the social cohesion of Western countries, seems to be on the way to being brought under control. At 7%, according to Eurostat, it has never been so low since…

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