France: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for France

Publication Date: July 03, 2014
Electronic Access: Free Full text (PDF file size is 1,952KB).
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Summary: This 2014 Article IV Consultation highlights that the economy of France fared better than most other large euro areas economies through the crisis, reflecting the resilience of private consumption, lack of financial fragmentation, and lower levels of household and corporate debt. Banks’ financial position has also been strengthened. But after two years of near stagnation, unemployment remains high. A loss of competitiveness has also weighed on growth. The outlook is for a gradual recovery, with GDP growth projected at 0.7 percent in 2014 and 1.4 percent in 2015, based on stronger external and domestic private demand, reflecting gains in real disposable income and improved profit margins.
Series: Country Report No. 14/182
Subject(s): Article IV consultation reports | Economic conditions | Economic growth | Fiscal policy | Labor market reforms | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | France

Publication Date: July 03, 2014
ISBN/ISSN: 9781498328760/1934-7685 Format: Paper
Stock No: 1FRAEA2014001 Pages: 66
US$18.00 (Academic Rate:
US$18.00 )
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