In September 2017, the secretary-general of the OECD, the mexican Angel Gurria, applauded the reforms of Emmanuel Macron, which would help “provide better opportunities to all French people”… provided, however, that the president of the Republic is tackling the reduction of public expenditure. Condition which, two years later, according to the international institution, is not carried out. “The employment rate remains low and the situation of public finances has not improved”, note that in fact from the outset, the economists of the OECD in their new report 2019 on the France.
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In its recommendations, the study is quite similar to the last editions. The authors are pleased of course that “comprehensive reforms of the labour market, a lowering of levies on the companies and work, and a public investment plan welcome, bearer of productivity gains, should help to improve the medium-term growth and increase employment. Environmental measures have also been taken, even if the objectives have been set to horizons relatively distant”, note they still.
regulated Professions
Still, the initial enthusiasm seems to be in reading the report blunted and the list of areas for improvement endless. The OECD suggests that in Paris de-lever, to make the household in its tax loopholes, raise the retirement age, to strengthen its investments, to improve the continuing training and learning, to increase the autonomy of hospitals, while strengthening its policy of accompanying the energy transition.
The international organization also asks France to go further on the issue of the liberalisation of regulated professions, a topic that convinces little Bruno Le Maire. The institution cites in particular accountants, solicitors and pharmacists. “The continuation of the reduction of the administrative barriers to market entry for new enterprises of goods or services and regulations that are unnecessarily restrictive, would foster more competition. These measures would generate productivity gains and stimulate innovation”, argue the economists.
the OECD expects growth of gross domestic Product (GDP) of 1.3% for 2019 and 2020, a bit more pessimistic, therefore, that the government habs objective 1.4% for the two maturities. “The measures already taken could raise the GDP per capita of 3.2% at a horizon of 10 years and those proposed in the present study, would bring the increase to 5.1%”, are the experts.
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Reforms, be able to d?purchase : what should I do Macron ? – Look on Figaro Live
