France: significant promises kept, but the most crucial reforms will take time
Wednesday 30 May 2018
Research / Market
France: significant promises kept, but the most crucial reforms will take time
One year on from his election victory the French president has already lived up to some of his campaign promises, most visibly regarding labour market regulation and taxation, actions that have generally been welcomed by international financial commentators.
More reforms are planned and will probably be (at least partially) implemented during the rest of the presidential mandate, even though resistance, weak until now, may build up and the political and economic backdrop may become less favourable than it has been so far.