France: Staff Report for the 2001 Article IV Consultation

November 5, 2001

Preview Citation

Format: Chicago

France: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

The buoyant economic record is attributable to a favorable external environment; supportive monetary conditions; protracted wage moderation; gradual labor market reforms; and sizable cuts in tax rates and social security contributions. The government reasserted its intention to achieve fiscal balance and substantially lower the public debt-to-gross domestic product ratio over the long term. To reach these goals, there is a need to tackle civil service, health care, and pension reform and to strengthen the framework for fiscal policy and focus it more on binding medium-term expenditure norms.

Subject: Employment, Expenditure, Fiscal policy, Fiscal stance, Labor, Labor markets

Keywords: Authorities' intention, Consumer confidence, CR, Deficit, Employment, Fiscal stance, Global, Government, Growth to a rate, Higher-than-anticipated expenditure pressure, ISCR, Labor market, Labor markets, Outturn, Stronger-than-expected consumption

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/199
Stock No:

1FRAEA0042001
ISBN:

9781451813616
ISSN:

1934-7685

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