France: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

July 12, 2016

Preview Citation

Format: Chicago

France: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This 2016 Article IV Consultation highlights that economic recovery in France is solidifying. The economy is projected to expand by 1.5 percent in 2016, primarily driven by strong consumer spending. There are also signs of a cyclical recovery in investment, and the slump in residential construction appears to be bottoming out. By contrast, net exports are declining as demand from trading partners has slowed. Private sector job creation has remained lackluster, and the unemployment rate has hovered at about 10 percent. The government has continued to advance important reforms to help create the conditions for improved economic performance. As for budget policies, there are ongoing efforts to contain spending growth at all levels of government while easing taxes.

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

Keywords: Banks' exposure, CR, Europe, Financial market condition, Financial market volatility, Global, Growth, ISCR, Labor markets, Staff appraisal, Staff growth forecast, Unemployment

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/227
Stock No:

1FRAEA2016001
ISBN:

9781498359665
ISSN:

1934-7685

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