France: Staff Report for the 2015 Article IV Consultation

July 10, 2015

Preview Citation

Format: Chicago

France: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that a solid economic recovery in France is under way. The economy is expected to expand by 1.2 percent in 2015, supported by an accommodative external environment. Sharply lower oil prices, a depreciated euro, low interest rates on account of quantitative easing, and the recovery in other euro area countries should underpin household consumption, lift export growth, and eventually foster a rebound in investment. The fiscal strategy, set out in the current multi-year budget law and the 2015 Stability Program, aims to bring the headline deficit below 3 percent of GDP by 2017, with a gradual adjustment based exclusively on spending containment.

Subject: Expenditure, Inflation, Labor, Labor markets, Prices, Public debt, Unemployment

Keywords: CR, Euro, Global, Heightened uncertainty, Inflation, ISCR, Labor market rigidity, Labor markets, Staff appraisal, Staff growth projection, Staff projection, Uncertainty, Unemployment

Publication Details

Pages:

68
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2015/178
Stock No:

1FRAEA2015001
ISBN:

9781513545912
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports