Marine Le Pen has reached the second round of the French presidential election on May 7 to face Emmanuel Macron. Saxo Bank’s head of macro analysis Christopher Dembik considers how the country’s economy will perform if she wins.

He says that Le Pen, leader for the Front National, has two key points around her economic programme: ‘Frexit’ and protectionism.

France leaving the European Union will not happen because proposals will not be passed by the country’s National Assembly, says Dembik, while Le Pen’s protectionist measures will have a negative impact on GDP and says economic growth will drop considerably if she is elected.

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