France’s growth in 2017 is likely to be higher than expected. However, a structural handicap remains, notably the low range of its products.
Like other Eurozone countries, France benefits from a cyclical improvement. Growth is expected to reach around 1.5% this year, compared to 1.1% in 2016.
Remember, it was just three months ago. Foreign investors were convinced that Marine Le Pen was at the gates of the Elysรฉe.
She might even face Jean-Luc Mรฉlenchon in a second round full of dangers. The term “Frexit” made its appearance on Google. And the markets were playing with fear: the famous “spread” that measures France’s risk premium was taking a worrying turn. Fears that were largely exaggerated… and now dissipated.
Emmanuel Macron has been elected President of the Republic. He has secured a very large majority in the National Assembly.
The “spread” (the cost of money) has dropped to its lowest level since November. French debt is once again in favor. Foreign investors are back.
Jupiter will be able to take advantage of the alignment of the planets.
