Economics
Macron Inherits France's First Economic Tailwind in a Decade
- Business sentiment surveys are at highest since 2011
- Strengthening investment suggests upswing is sustainable
Macron Attracts Familiar Names in Building Majority
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Emmanuel Macron may be the first French president in a decade to inherit an economic tailwind.
Business confidence in the euro region’s second largest economy is on the rise, hitting the highest level since 2011 last month, and a measure of private-sector activity points to solid economic growth. The euro is down by about a fifth in the past three years and, despite a strengthening recovery in the currency zone, European Central Bank President Mario Draghi has indicated he won’t rush to aggressively tighten monetary policy.