France: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France
IMF Staff Country Reports, February 20, 2008
Source details
- Canonical URL
- France: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France
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Bibliographic details
- Published: February 20, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813715.002
Executive summary and outlook
- France’s near–term economic outlook is moderately positive, but clouded by risks from the global environment.
- The government’s reformist intentions provide an historic opportunity to place France onto a sustained higher growth path with greater opportunities for all.
- Economic policy should address the root cause of faltering growth performance.
Key findings and analysis
- Further goods and services market reforms will boost potential output and consumer welfare.
- Fiscal policy should be vigilant to the risk of slippage in the fiscal deficit.
- The ongoing expenditure and tax policy reviews have been commended.
Policy recommendations
- Pursue additional goods and services market reforms to raise potential output and improve consumer welfare.
- Maintain fiscal vigilance to prevent slippage in the fiscal deficit.
- Advance expenditure and tax policy reviews to support fiscal sustainability and structural reform objectives.
Subject areas and keywords
- Subject: Fiscal consolidation, Fiscal policy, Labor, Labor markets, National accounts, Purchasing power
- Keywords: CR, Fiscal consolidation, Global, government, headline inflation, IMF staff, ISCR, Labor markets, lending standard, market, market condition, Purchasing power, SG episode, Société Générale, staff, staff reduction