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What is the economic environment as Macron’s term begins?

Whereas the two previous five-year presidential terms had been marked by major slumps – a global recession in 2008 and 2009 and the euro zone crisis in 2011 and 2013 – the new French president will benefit from a far healthier economy as his term begins.

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2017 economic prospects

The new Trump administration’s first steps in the United States, upcoming elections in France and Germany… 2017 looks like being a particularly uncertain year. What could the consequences be for developed and emerging economies? Olivier Garnier, Societe Generale’s Chief Economist, answers our questions.