Under Macron's leadership, American investors' confidence in France has significantly declined

Investing.com — According to a recent survey by the U.S. Chamber of Commerce and Bain & Company, American investors’ confidence in France has significantly declined as President Emmanuel Macron’s decade in office approaches its end.

Among the surveyed investors, only 17% expect the situation in France, the second-largest economy in the Eurozone, to improve within the next two to three years. Meanwhile, 55% believe the situation has worsened over the past year.

This stands in stark contrast to 2018, when 72% of respondents were optimistic about the outlook following Macron’s first election victory, as he pledged to implement business-friendly policies, including tax cuts and reforms to attract investors. This optimism peaked in 2022, before his re-election, reaching 74%.

Macron has about a year remaining in his term, after which he will face an election he cannot run in due to France’s two-term presidential limit under the constitution. Current polls show that far-right leader Marine Le Pen or her allies, Jordan Bardella, are the main contenders to succeed him.

Since Macron decided to hold early legislative elections in 2024, economic policy uncertainty has increased, leading to parliamentary deadlock, difficulties in fiscal decision-making, and multiple government collapses.

The survey shows that 28% of American investors expect to reduce their workforce in France by 2026, while only 18% plan to create new jobs. Additionally, 77% lack confidence in the government’s ability to implement necessary economic reforms before the 2027 elections.

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