French reform package unlikely to generate a meaningful economic recovery: Capital Economics

Quotes from Capital Economics:

- The French Government's decision yesterday to force its reform package through the lower house of Parliament showed a welcome political commitment to implement growth-boosting measures. But the bill has already been watered down and does not include more radical policies.

- The Macron reform package is unlikely to be sufficient to generate a meaningful economic recovery. To achieve that, the French Government will need to be much bolder in its reforms but political discord looks set to prevent it from doing so.