France: Staff Report for the 2015 Article IV Consultation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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.
Series:
Country Report No. 2015/178
Subject:
Expenditure Inflation Labor Labor markets Prices Public debt Unemployment
English
Publication Date:
July 10, 2015
ISBN/ISSN:
9781513545912/1934-7685
Stock No:
1FRAEA2015001
Pages:
68
Please address any questions about this title to publications@imf.org