## France: 2011 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

_IMF Staff Country Reports, July 27, 2011_

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**Canonical URL:** [France: 2011 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion](https://www.imf.org/en/publications/cr/issues/2016/12/31/france-2011-article-iv-consultation-staff-report-staff-statement-and-public-information-25094)

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## Bibliographic details
- Published: July 27, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781462338535.002

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### Growth outlook and drivers
- 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.

### Potential growth and structural policy
- Boosting potential growth requires a comprehensive strategy.
- The medium-term prospects for the economy depend on improved competitiveness.

### Fiscal policy and consolidation
- The consolidation targets set out in France’s Stability Program and the multiyear budget framework strike the right balance between speed and sustainability.

### Financial sector and stability
- Financial stability risks seem contained but vigilance is required.

### Subject coverage and keywords
- 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/france-2011-article-iv-consultation-staff-report-staff-statement-and-public-information-25094_