{
  "title": "France: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France",
  "publication": "IMF Staff Country Reports, September 21, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/09/21/france-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45270",
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  "summary": "This 2017 Article IV Consultation highlights that the economic recovery is picking up in France, with real GDP growth projected to reach 1.6 percent in 2017 and 1.8 percent in 2018.",
  "publishDate": "2017-09-21",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Real GDP growth is projected to reach 1.6 percent in 2017 and 1.8 percent in 2018.\n- The economic recovery is described as \"picking up.\"\n- Medium-term prospects will critically depend on the implementation of the reform agenda."
    },
    {
      "heading": "Growth drivers and drags",
      "content": "- Primary drivers of growth:\n  - Buoyant corporate investment.\n  - A rebound in residential construction.\n  - Solid consumer demand.\n- Drag on growth:\n  - Net exports have been a drag on growth."
    },
    {
      "heading": "External position",
      "content": "- France’s external position is assessed to be weaker than implied by economic fundamentals."
    },
    {
      "heading": "Labor market",
      "content": "- Private sector job creation has begun to accelerate moderately.\n- The unemployment rate has begun to recede moderately from its 10 percent post-crisis mark."
    },
    {
      "heading": "Key findings and emphasis",
      "content": "- Economic recovery momentum is uneven: domestic demand (investment, construction, consumption) is strengthening while external demand contribution is negative.\n- Policy emphasis: implementation of the reform agenda is critical for medium-term prospects.\n\nSource: France: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France, September 21, 2017.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/09/21/france-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45270"
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    "Published: September 21, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484320310.002",
    "Real GDP growth is projected to reach 1.6 percent in 2017 and 1.8 percent in 2018.",
    "The economic recovery is described as \"picking up.\"",
    "Medium-term prospects will critically depend on the implementation of the reform agenda.",
    "Primary drivers of growth:",
    "Drag on growth:",
    "France’s external position is assessed to be weaker than implied by economic fundamentals.",
    "Private sector job creation has begun to accelerate moderately.",
    "The unemployment rate has begun to recede moderately from its 10 percent post-crisis mark.",
    "Economic recovery momentum is uneven: domestic demand (investment, construction, consumption) is strengthening while external demand contribution is negative.",
    "Policy emphasis: implementation of the reform agenda is critical for medium-term prospects.",
    "**Country Report**"
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