The OFCE (a left-leaning economic research center, not exactly known for enthusiastic support of Macron) has just published a study indicating that, in 2019, the purchasing power of the French will rise by 850€ (or 2.5%) on average. This is the best performance in 12 years (since 2007, a year with a growth rate of 2.4%—unseen since—and due to reduced social security contributions on overtime). Not bad.
Even better, of this 850€ gain, the OFCE calculates that more than 50% (exactly 440€) is directly attributable to the measures taken by Macron in December (albeit under some pressure) in response to the Yellow Vests crisis.
And it’s working! Still according to the OFCE, this increase in purchasing power will allow for “acceleration of domestic demand” in 2019. As a result, this year, France is expected to drive the growth of the Eurozone (in the land of the blind…): 1.5% in our country versus 1.1% in the Eurozone.
