France: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France
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Summary:
This 2009 Article IV Consultation highlights that the global financial crisis and the contraction of world trade have pulled the French economy into a severe recession and put its financial sector under strain. Structural features combined with early policy action have helped soften the downturn. Executive Directors have noted that the near-term economic outlook remains challenging, with GDP growth expected to decrease by 3 percent in 2009. Directors have also stressed that safeguarding medium-term fiscal sustainability and avoiding unsustainable debt dynamics is a key priority for the coming years.
Series:
Country Report No. 2009/232
Subject:
Banking Credit Expenditure Financial institutions Fiscal policy Fiscal stance Fiscal stimulus Loans Money Public debt
English
Publication Date:
July 31, 2009
ISBN/ISSN:
9781451813722/1934-7685
Stock No:
1FRAEA2009001
Pages:
62
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