Tags: EU | France | US Investment

US Businesses Getting More Optimistic over French Economy

Thursday, 23 November 2017 05:14 AM

PARIS (AP) — U.S. businesses are more eager to invest and hire in France than they have been in years — but want to see more progress first in President Emmanuel Macron's efforts to reduce labor costs and simplify taxes.

Macron's pro-business promises and a long-awaited uptick in the French economy are making U.S. investors more optimistic, according to a report released Thursday by the American Chamber of Commerce in France.

That's a big shift.

But turning that optimism into jobs will depend on Macron's labor reforms, the report said.

Robert Vassoyan, chief executive of Cisco in France, said: "The key now is not to disappoint."

The report showed similar hope across sectors.

U.S. companies employ about half a million people in France and are among the country's biggest investors.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
U.S. businesses are more eager to invest and hire in France than they have been in years - but want to see more progress first in President Emmanuel Macron's efforts to reduce labor costs and simplify taxes.Macron's pro-business promises and a long-awaited uptick in the...
EU,France,US Investment
128
2017-14-23
Thursday, 23 November 2017 05:14 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved