{
  "title": "France: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France",
  "publication": "IMF Staff Country Reports, July 12, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/france-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44080",
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  "summary": "This 2016 Article IV Consultation highlights that economic recovery in France is solidifying. The economy is projected to expand by 1.5 percent in 2016, primarily driven by strong consumer spending.",
  "sections": [
    {
      "heading": "Economic outlook and growth projections",
      "content": "- The economy is projected to expand by 1.5 percent in 2016.\n- Growth is primarily driven by strong consumer spending.\n- There are signs of a cyclical recovery in investment.\n- The slump in residential construction appears to be bottoming out.\n- Net exports are declining as demand from trading partners has slowed."
    },
    {
      "heading": "Labor market and employment",
      "content": "- Private sector job creation has remained lackluster.\n- The unemployment rate has hovered at about 10 percent."
    },
    {
      "heading": "Fiscal policy and structural reforms",
      "content": "- The government has continued to advance important reforms to help create the conditions for improved economic performance.\n- Budget policy efforts include containing spending growth at all levels of government while easing taxes."
    },
    {
      "heading": "Key findings and thematic subjects",
      "content": "- Subject areas covered: Expenditure, Labor, Labor markets, Public debt, Unemployment.\n- Keywords cited: banks' exposure, CR, Europe, financial market condition, financial market volatility, Global, growth, ISCR, Labor markets, staff appraisal, staff growth forecast, Unemployment.\n\n---\n\n Content in this bundle\n\n- cr16227\n  - cr16227 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16227 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 12, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498359665.002",
    "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.",
    "Private sector job creation has remained lackluster.",
    "The unemployment rate has hovered at about 10 percent.",
    "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.",
    "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.",
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