Is France’s Leader Re­boot­ing the Econ­omy?

EME Outlook - - News -

French Pres­i­dent, Em­manuel Macron, swept into of­fice in May, 2017 on a pledge to cre­ate jobs and im­prove the lives of work­ers by re­boot­ing the coun­try’s econ­omy.

A year on, an­nual eco­nomic growth has picked up - clos­ing the gap with Ger­many and pulling away from other ma­jor Euro­pean pow­ers such as Britain and Italy. The pace of new busi­ness open­ings has in­creased sharply and im­prove­ments in the jobs mar­ket have left some em­ploy­ers warn­ing about skilled work­ers be­ing in short sup­ply.

But econ­o­mists say the rosier pic­ture is due to stronger growth across Europe as well as poli­cies put in place by Macron’s pre­de­ces­sor, Francois Hol­lande.

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