“There’s a lot of worry after the election,” political instability could slow investors

2024-08-25 06:38:25

Aurelien Fleurot

This is a meeting that marks the economic recovery after the summer vacation. The sixth REF French Entrepreneurs Conference, organized by Medef, is scheduled to take place this Monday at the Longchamps racecourse.

This Monday, REF will take place, the French entrepreneurs’ conference organized by Medef. The sixth edition is bound to be special for business leaders, who anxiously and sometimes even excitedly await the face of the next government and the choices it will make in terms of the economy and taxation.

Finding stability

“Like all manufacturers, we look at the long term and we don’t like uncertainty,” Alexandre Saubot, president of French industrial company, explained to Europe 1. “So, I see a lot of wait-and-see attitude during this period. There was a lot of concern after the election and when we look at the recent polls about the business environment, about hiring, it seems that, at the moment, this is clearly something to be welcomed.”

“Now, we know clearly that the consequences of this uncertainty, the wait-and-see attitude of French or international investors, could quickly affect investments and therefore economic activity,” he continued. “But in reality, more precisely in 2025. None of this is very good for business in the long term, so the sooner we stabilize, the more reassured I and all the industrialists I represent will be.”

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