## 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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**Canonical URL:** [France: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France](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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## Bibliographic details
- Published: July 12, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498359665.002

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### 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.

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_Source: 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_