Emmanuel Macron is facing Marine Le Pen in the second round of the French presidential election on May 7. Saxo Bank’s head of macro analysis Christopher Dembik predicts the direction of the country’s economy if he wins.

He explains that Macron, leader of the En Marche party, is already markets’ preference and that his economic programme follows a similar path to Francois Fillon’s.

Macron is optimistic about the Nordic model and wants to implement €60 billion of public cuts over the next five years, says Dembik, but Macron also wants to stimulate the economy with €50 billion of investment.

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