A MAJORITY OF INVESTORS BELIEVE THAT THE PACE OF REFORMS MEETS EXPECTATIONS IN THE FIGHT AGAINST RESISTANCE TO CHANGE One of the pillars of President Emmanuel Macron’s campaign was the fight against French resistance to change. At this stage, what is your opinion of the pace of his reforms? “Macron creates the feeling of a new start, almost a French version of a New Deal. Time will show whether that comparison is justified, but the business world seems to trust him.” Attorney, Legal “There is no tangible action yet but, as we live in a world of image and perception, the “Macron effect” is very positive.” Senior Manager, Tobacco “The practical application of reforms that were promised during the presidential campaign sends positive signs.” Public Affairs, Pharmaceutics / Consumer Goods Note : in percentage of respondents 30 Source : AmCham-Bain Barometer, Bain analysis