Inflation & Prices
Macron Faces EU Election Test With French Voters in Economic Misery
- Bloomberg Economics index shows French feeling inflation pain
- The president’s party already trails Marine Le Pen’s in polls
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Emmanuel Macron’s vote-winning strategy of vaunting his management of the economy won’t work for June’s European elections, according to Bloomberg research that shows misery raining down on the French.
Ministers and policymakers have declared the battle to tame inflation is all but won and chronic weakness in the labor market overcome, with joblessness near a 40-year low. Indeed, a standard “Misery Index” built from year-on-year price changes and the unemployment rate would concur with that assessment.