France: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France
IMF Staff Country Reports, July 12, 2016
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- France: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France
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Bibliographic details
- Published: July 12, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498359665.002
Economic outlook and growth projections
- The economy is projected to expand by 1.5 percent in 2016.
- Growth is primarily driven by strong consumer spending.
- There are signs of a cyclical recovery in investment.
- The slump in residential construction appears to be bottoming out.
- Net exports are declining as demand from trading partners has slowed.
Labor market and employment
- Private sector job creation has remained lackluster.
- The unemployment rate has hovered at about 10 percent.
Fiscal policy and structural reforms
- The government has continued to advance important reforms to help create the conditions for improved economic performance.
- Budget policy efforts include containing spending growth at all levels of government while easing taxes.
Key findings and thematic subjects
- Subject areas covered: Expenditure, Labor, Labor markets, Public debt, Unemployment.
- Keywords cited: banks' exposure, CR, Europe, financial market condition, financial market volatility, Global, growth, ISCR, Labor markets, staff appraisal, staff growth forecast, Unemployment.