France: 2011 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
July 27, 2011
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Domestic demand is expected to remain the engine of growth in France, with net exports playing a minor role in the near term. Risks to the outlook are tilted to the downside. Boosting potential growth requires a comprehensive strategy. The consolidation targets set out in France’s Stability Program and the multiyear budget framework strike the right balance between speed and sustainability. Financial stability risks seem contained but vigilance is required. The medium-term prospects for the economy depend on improved competitiveness.
Subject: Banking, Financial crises, Financial institutions, Housing prices, Inflation, Loans, Prices, Public debt
Keywords: bank, banks CD, CR, draft bill, draft law, Europe, Global, Housing prices, Inflation, ISCR, Loans, Middle East, sovereign CD, staff appraisal, staff calculation
Pages:
64
Volume:
2011
DOI:
Issue:
211
Series:
Country Report No. 2011/211
Stock No:
1FRAEA2011001
ISBN:
9781462338535
ISSN:
1934-7685
