France: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, July 3, 2014
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- France: Staff Report for the 2014 Article IV Consultation
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Bibliographic details
- Published: July 3, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498328760.002
Overview
- The 2014 Article IV Consultation assesses France’s economic performance through the crisis and near-term outlook.
- Publication date: July 3, 2014.
- Series: Country Report No. 2014/182; Volume: 2014; Issue: 182; Pages: 66.
- DOI: https://doi.org/10.5089/9781498328760.002
- ISBN: 9781498328760; ISSN: 1934-7685; Stock No: 1FRAEA2014001.
Economic performance through the crisis
- France fared better than most other large euro area economies through the crisis.
- Factors cited for resilience:
- Resilience of private consumption.
- Lack of financial fragmentation.
- Lower levels of household and corporate debt.
- Banks’ financial position has been strengthened.
Labor market and competitiveness
- After two years of near stagnation, unemployment remains high.
- A loss of competitiveness has weighed on growth.
Outlook and projections
- GDP growth projected at 0.7 percent in 2014.
- GDP growth projected at 1.4 percent in 2015.
- Drivers of the projected gradual recovery:
- Stronger external demand.
- Stronger domestic private demand.
- Gains in real disposable income.
- Improved profit margins.
Subject areas and keywords
- Subject: Banking, Expenditure, Financial institutions, Labor, Loans, Minimum wages, Securities, Social security contributions, Taxes.
- Keywords include: authorities forecast, authority, banking sector, CR, firm, France-Report on the Observance of Standards and Codes, General government balance, Global, government, investment fund, ISCR, Loans, Minimum wages, Securities, Social security contributions, staff, staff recommendation, supervisory authorities.
Source: France: Staff Report for the 2014 Article IV Consultation (IMF Staff Country Reports 2014, 182).