Staff Report for the 2002 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

November 13, 2002

Electronic Access:

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Summary:

This 2002 Article IV Consultation highlights that the economy of France is facing a fast-approaching demographic turnaround—with the active population beginning to decline in 2007 and reducing annual per-capita-GDP growth by about half a percentage point for a few decades. In 2002, the general government budget deficit is expected to widen to 2.6 percent of GDP from 1.5 percent of GDP in 2001. The deterioration is in good part owing to the cyclical downswing but also to structural factors, in particular to the trend increase in social security spending.

Series:

Country Report No. 02/251

Subject:

English

Publication Date:

November 13, 2002

ISBN/ISSN:

9781451813586/1934-7685

Stock No:

1FRAEA0032002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

42

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