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Business Confidence in France Slumps as Executives Warn Macron Reforms at Risk. A new survey suggests that efforts by French President Emmanuel Macron to transform France into a more business-friendly economy may be losing momentum - According to Politico. According to the latest annual study from the American Chamber of Commerce in France, many American companies operating in the country are increasingly pessimistic about its economic outlook. Executives from 140 U.S. firms reported concerns over high labor costs, complex employment laws, and ongoing political uncertainty. Marc-André Kamel of Bain & Company said respondents believe much of the progress made since 2017 has effectively been undone, with France’s attractiveness to investors now comparable to a decade ago. Only 17 percent of companies surveyed expect a positive economic outlook in the next two to three years, and most doubt Macron can deliver further reforms before his term ends. Despite France previously topping investment rankings from EY, officials argue the survey took place before a new national budget was finalized. That budget was eventually passed after months of political deadlock, led by Prime Minister Sébastien Lecornu earlier this month.
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