Report
Patrick Artus

A key economic policy priority for France

After the presidential election in France, it will be necessary to clearly identify economic policy priorities and how to make them compatible. We see a guiding principle to these economic policies: the employment rate must be increased. A higher employment rate, which includes raising the retirement age, would make it possible to: Increase tax revenues and free up fiscal policy leeway; Reduce income inequality. A higher employment rate can be achieved through tax reform, pension reform and any policy that increases skills among both young people and adults. If it can be obtained, we know that it will also have indirect positive effects on: The ability for France to reindustrialise in the event science skills improve ; The ability to finance the energy transition and reduce the inequality it will give rise to, thanks to new fiscal leeway. This is an exhaustive list of all the necessary economic policies ( France still needs to promot e innovation, reduc e wealth inequality and economic rents, modernis e the public sector and improv e the housing situation), but it brings together and combines a large number of the necessary economic policies.
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Natixis
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Analysts
Patrick Artus

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