Suggestions to reduce the number of public holidays as a means to stimulate economic output face significant skepticism among economists and labor experts. The idea, recently discussed in policy circles, implies that extending working days could enhance productivity. However, evidence does not strongly support this assumption. n nHistorical data and international comparisons show minimal correlation between the number of public holidays and overall GDP growth. Workers’ well-being, labor retention, and morale play more substantial roles in long-term economic performance. Simply increasing the number of workdays without addressing structural inefficiencies is unlikely to yield meaningful gains, analysts warn.
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Cutting public holidays to boost growth? Don’t bank on it Financial Times