Before the second round of the presidential elections on April 24, the French employers' association MEDEF took a position in favor of President Emmanuel Macron.
Even if its program has gaps, it is best placed to "prepare France for the challenges of the future" and ensure competitiveness and sustainable growth, the association said in a statement on Monday evening.
Employment will also benefit from this.
Niklas Zaboji
Economic correspondent in Paris
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The employer representatives warned against the opponent Marine Le Pen.
The implementation of her election program would result in France being "relegated to the fringes of the European Union," the statement said Monday evening.
This would weaken the confidence of economic actors and thus investment activity and job creation.
"The very strong and uncompensated increase in public spending would carry the risk of leading the country to a dead end," according to the MEDEF.
“Nobody really anti-corporate anymore”
The association made its election recommendation unanimously in the circle of its 51-strong executive committee.
This includes employer representatives from various sectors and regions.
Among the more prominent names are Christian Peugeot, heir to the automaker of the same name, and Éric Trappier, CEO of armaments company Dassault Aviation, which builds the Rafale fighter jet.
Before the first round of the presidential election, the employer representatives had avoided taking a position.
"Apart from the extreme left, no one is really anti-corporate anymore," MEDEF President Geoffroy Roux de Bézieux recently told Le Figaro newspaper.
Companies have "almost become a national thing" and there is a large consensus of positions on certain issues of reindustrialization.
However, recent polls of entrepreneurs signaled strong support for Macron.