A Yellow Vest demonstration moves toward the Arc de Triomphe in Paris

2019 Global Outlook: Economic reform in France

  • Presidents Sarkozy and Hollande mostly raised taxes to cover rising deficits
  • Emmanuel Macron is following a similar path, despite promising to be different
  • Centralized bureaucracy and entrenched interests tend to halt real reform

In France, 2018 did not bring the promised economic recovery, while the Yellow Vest movement in November and December shook the government. Instead of increasing taxes to reduce deficits, the authorities backpedaled, pledging to implement measures that will increase both public spending and deficits in the short term. Some of these measures are supposed to be decided upon in a “national debate.” The question is whether this debate will help reverse France’s chronic overspending by redefining the country’s priorities and shrinking a bloated state administration.

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Dr. Emmanuel Martin
The latest, far more populist, demands of the Yellow Vests seem to show that citizens are not getting the message
read more about it in the report
What's inside
  • Presidents Sarkozy and Hollande mostly raised taxes to cover rising deficits
  • Emmanuel Macron is following a similar path, despite promising to be different
  • Centralized bureaucracy and entrenched interests tend to halt real reform
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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