PARIS, (Reuters) – President Emmanuel Macron will announce Monday 21 French foreign investment projects and a booming France economy to show that Macron’s economic reforms were successful less than three month before a Presidential election.

His office stated that Macron would announce an industrial project worth 300 million euros ($342million) by German chemical giant BASF during a trip to Alsace. It is one of 21 projects totalling 4 billion euro and creating 10,000 jobs to help attract foreign investors.

His aides want to move the conversation away from law-and order and immigration issues as the race for the presidency heats up. They would rather focus on the economy which is recovering well from the COVID-19 epidemic.

A presidential adviser told reporters that “this is the outcome of all the reforms which were performed since the beginning of the mandate.”

Three months before the election we might have expected that foreign investors would remain in wait-and see mode due to uncertainty. We see strong confidence in foreign investors’ economic policy.” he stated.

Macron has introduced a variety of supply-side economic reforms over the past year to improve businesses’ competitiveness and lower taxes for investors.

Critics believe he’s been acting as “president-of the rich” and wants to eliminate France’s beloved social safety nets.

However, three months prior to the April election indicators suggest that France is on the rise. France has returned to pre-pandemic levels and growth will reach 6.7% in 2021.

The economist Paul Krugman provided an unexpected boost for Macron supporters on Friday.

“In fact, among major advanced economies, the star performer of the pandemic era, arguably, is … France,” he wrote in his New York Times column https://www.nytimes.com/2022/01/14/opinion/france-economy-pandemic-socialism.html.

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