The victory of Macron’s party, and the beginning of Macronomics, should reassure investors that the eurozone’s second-largest economy will now reform itself, reducing its budget deficit and increasing its growth potential.
Investors should also expect France to work better with other member states to strengthen the European project at a time when it is challenged by the beginning of the Brexit negotiations.
Contributors: Vincent Juvyns, global markets insights strategy team.
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