{
  "title": "France: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France",
  "publication": "IMF Staff Country Reports, January 26, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/01/25/france-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-512171",
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  "summary": "A strong economic recovery is underway in France, bolstered by progress on vaccination, strong fiscal support and solid private sector led investment. Employment has recovered to above pre-crisis levels and unemployment is virtually stable.",
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      "heading": "Key findings",
      "content": "- A strong economic recovery is underway in France, bolstered by progress on vaccination, strong fiscal support and solid private sector led investment.\n- Employment has recovered to above pre-crisis levels.\n- Unemployment is virtually stable.\n- Inflation is increasing, mainly driven by a rise in energy prices but also due to supply-chain disruptions.\n- The public deficit and debt ratio surged in 2020, reflecting the large amount of emergency support deployed and the drop in activity."
    },
    {
      "heading": "Economic indicators and drivers",
      "content": "- Employment: \"recovered to above pre-crisis levels\" (qualitative statement from source).\n- Unemployment: \"virtually stable\" (qualitative statement from source).\n- Inflation: \"increasing, mainly driven by a rise in energy prices but also due to supply-chain disruptions.\"\n- Public finances: \"public deficit and debt ratio surged in 2020\" due to \"the large amount of emergency support deployed and the drop in activity.\"\n- Recovery supports: progress on vaccination, strong fiscal support, and solid private sector led investment are cited as principal bolstering factors.\n\n---\n\n Content in this bundle\n\n- 1fraea2022001\n  - 1fraea2022001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1fraea2022001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 26, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400201172.002",
    "A strong economic recovery is underway in France, bolstered by progress on vaccination, strong fiscal support and solid private sector led investment.",
    "Employment has recovered to above pre-crisis levels.",
    "Unemployment is virtually stable.",
    "The public deficit and debt ratio surged in 2020, reflecting the large amount of emergency support deployed and the drop in activity.",
    "Employment: \"recovered to above pre-crisis levels\" (qualitative statement from source).",
    "Unemployment: \"virtually stable\" (qualitative statement from source).",
    "Public finances: \"public deficit and debt ratio surged in 2020\" due to \"the large amount of emergency support deployed and the drop in activity.\"",
    "Recovery supports: progress on vaccination, strong fiscal support, and solid private sector led investment are cited as principal bolstering factors.",
    "**1fraea2022001**"
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