France: Staff Report for the 2015 Article IV Consultation

July 10, 2015

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Format: Chicago

France: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 8, 2024

Summary

This 2015 Article IV Consultation highlights that a solid economic recovery in France is under way. The economy is expected to expand by 1.2 percent in 2015, supported by an accommodative external environment. Sharply lower oil prices, a depreciated euro, low interest rates on account of quantitative easing, and the recovery in other euro area countries should underpin household consumption, lift export growth, and eventually foster a rebound in investment. The fiscal strategy, set out in the current multi-year budget law and the 2015 Stability Program, aims to bring the headline deficit below 3 percent of GDP by 2017, with a gradual adjustment based exclusively on spending containment.

Subject: Expenditure, Inflation, Labor, Labor markets, Prices, Public debt, Unemployment

Keywords: CR, Euro, Global, Heightened uncertainty, Inflation, ISCR, Labor market rigidity, Labor markets, Staff appraisal, Staff growth projection, Staff projection, Uncertainty, Unemployment

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/178
Stock No:

1FRAEA2015001
ISBN:

9781513545912
ISSN:

1934-7685

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