Slowdown in French growth risks causing political trouble for president.
- Zachary Young
- Politico
PARIS — After the surge, the sputter.
Last year, as Emmanuel Macron swept to power pledging business-friendly policies, France’s economy zoomed ahead to post growth of 2.2 percent.
This year, even with signature Macron reforms such as a rewrite of the labor code and the partial elimination of France’s wealth tax taking effect, things aren’t looking so good.
Budget Minister Gérald Darmanin has backed away from the government’s earlier projection of 2 percent growth for the year.
He told parliament earlier this month the…