France: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France
July 14, 2025
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The French economy has demonstrated resilience in 2024 despite high
uncertainty, bolstered by the summer Olympics in Paris. The disinflationary process is
progressing well, and the labor market remains robust. However, high and rising public
debt, combined with significant domestic and external headwinds to the recovery,
highlights the urgent need to strengthen public finances and pursue structural reforms
to foster sustainable growth. While the political compromise on the 2025 budget
reached in February marked a positive step forward, it will be essential for the authorities
to continue building consensus to further advance fiscal and structural reforms.
uncertainty, bolstered by the summer Olympics in Paris. The disinflationary process is
progressing well, and the labor market remains robust. However, high and rising public
debt, combined with significant domestic and external headwinds to the recovery,
highlights the urgent need to strengthen public finances and pursue structural reforms
to foster sustainable growth. While the political compromise on the 2025 budget
reached in February marked a positive step forward, it will be essential for the authorities
to continue building consensus to further advance fiscal and structural reforms.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Fiscal consolidation, Fiscal policy, Labor, Labor markets, Public debt
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), consultation-press release, Europe, executive board assessment, FATF report, Fiscal consolidation, Global, Labor markets, Medium-Term Fiscal Structural Plan, state aid
Pages:
77
Volume:
2025
DOI:
Issue:
179
Series:
Country Report No. 2025/179
Stock No:
1FRAEA2025001
ISBN:
9798229016780
ISSN:
1934-7685
