France: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France
January 26, 2022
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A strong economic recovery is underway in France, bolstered by progress on vaccination, strong fiscal support and solid private sector led investment. Employment has recovered to above pre-crisis levels and unemployment is virtually stable. Inflation is increasing, mainly driven by a rise in energy prices but also due to supply-chain disruptions. The public deficit and debt ratio surged in 2020, reflecting the large amount of emergency support deployed and the drop in activity.
Subject: Expenditure, Financial crises, Inflation, International organization, Labor, Labor markets, Monetary policy, Prices, Public debt
Keywords: day infection rate, debt ratio, des coûts, Europe, Global, government shares staff view, headline inflation, IMF staff calculation, Inflation, Labor markets
Pages:
83
Volume:
2022
DOI:
Issue:
018
Series:
Country Report No. 2022/018
Stock No:
1FRAEA2022001
ISBN:
9798400201172
ISSN:
1934-7685
