Emmanuel Macron's note report from the OECD: "Can do better!"

Every day, Axel de Tarlé takes stock of the economy.

On Tuesday, the OECD handed the "report card" of the French economy to the government.
And it's a "can do better", with encouragement.

The OECD is of liberal inspiration. The institute appreciated Emmanuel Macron's first measures, such as Labor Orders, aimed at simplifying hiring and dismissal procedures (with the ceiling on allowances). Fiscal measures were also appreciated with the reduction of the tax on companies, on capital (ISF - PFU) aimed at boosting investment
The OECD estimates that this could increase GDP per capita by 3.2% in the next 10 years.

But there is a "but", the OECD has also made criticisms?

Reviews not very nasty since these are measures that are in the program of Emmanuel Macron, but are not easy to implement as fight against short contracts (including bonuses and penalties against the CDD), employers are upwind . The OECD is skeptical about savings on public spending, the perennial question. On retirement savings, the OECD calls for "measures to increase the effective retirement age of the labor market". It's not easy to implement and most importantly, it's not in Emmanuel Macron's program.

There is nothing very original about this newsletter. Nevertheless, the OECD attributes a good point in terms of unlocking growth and "doing a little better" in terms of reducing public spending.

Read the article Echoes - OECD gives Macron's reforms a good deal