France : 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France

Author/Editor:

International Monetary Fund

Publication Date:

July 31, 2009

Electronic Access:

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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. 09/232

Subject:

English

Publication Date:

July 31, 2009

ISBN/ISSN:

9781451813722/1934-7685

Stock No:

1FRAEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

62

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