Macron heads for re-election

By Hakim El Karoui - Senior Partner and Head of Office Paris / Nicolas Bouvier - Partner, Paris Office

Macron will have limited room for manoeuvre in likely second term

Emmanuel Macron is expected to win the presidential election in April but fall short of an absolute majority in the parliamentary elections that follow in June. He could end up in the uncomfortable position of having to form a coalition with the centre-right and/or moderate left. In a difficult economic context, exacerbated by France’s massive pandemic support plans and the gathering fallout from Ukraine, a much stricter budgetary policy should be expected in Macron’s second term. Brunswick’s Paris office deep-dives into the not-so-obvious election outcomes.

Limited suspense over Macron’s re-election

With just over a month to go before the presidential election scheduled for 10 April (first round) and 24 April (second round), Emmanuel Macron appears to be heading for another victory, after announcing his official candidacy on the eve of the March 4 legal deadline.

Parliamentary elections – the real deal

While most commentators fixate on the French presidential ballot, the less predictable outcome of parliamentary elections will be critical to the future direction of government policy. All 577 seats of the lower house of parliament (Assemblée Nationale) are up for grabs in the two legislative election rounds (June 12 and 19). The result looks far less clear cut.

Economic policy in Macron’s second term

In his campaign manifesto, Macron promises to continue lowering taxes on labour and protection, and to keep investing in innovation and research in “renewable energy, nuclear, batteries, agriculture, digital and space.”

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