One third of respondents expect negative changes in the French economic environment, particularly in light of inflation and labor shortages ECONOMIC CONTEXT In your opinion, will the evolution of the economic outlook for your industry in France over the next 2-3 years be…? “Higher taxes on pharmaceuticals, tighter rules for the RTC* and inflation make the environment difficult for our sector.” Financial Director, Healthcare “In the context of inflationary energy, raw material and debt, we expect macro indicators to stagnate over the next two years to absorb these changes and revitalize the company.” Financial Director, Logistics “The airline industry has seen a strong post-Covid recovery, but disruptions related to the supply chain and energy prices are to be expected.” International Development Director, Logistics “Government's support during the Covid crisis, including partial unemployment allowance, allowed for a fairly strong economic recovery in our industry, reinforced by the importance of tourism in France.” CEO, Leisure/ Tourism Note: In percentage of respondents; (*) RTC = Research Tax Credit (CIR in French) #AmChamBainBarometer Source: AmCham-Bain Barometer, Bain analysis PAR 200203 - AmCham Bain Barometer ... 7