Macron majority lies in balance after far-left surge 

EMMANUEL Macron handsomely won re-election last month, but results on Sunday indicate that he may become the first French president not to win an absolute legislative majority for around a quarter of a century. 

This matters as, following the surge in support for the far-left bloc on Sunday, Macron’s reform agenda will be more challenging.  If he loses his majority, he will be forced to broaden his alliance, complicating deal-making going forward. 

This would be a blow not just to the president, but also the French economy, as shown in an FDI report released last month by EY.  As it highlights, Macron’s reforms have helped significantly improve investor perceptions of France in the last 12 months.