France: Staff Report for the 1999 Article IV Consultation

October 28, 1999

Summary

This 1999 Article IV Consultation highlights that the economic recovery in France—which began hesitantly in the mid-1990s—strengthened in the first half of 1998 when internal demand became the driving force in a setting of price stability, strong competitiveness, and falling interest rates. By summer 1998, though, a weaker external environment in the wake of the emerging market crises had started to dampen the upswing. Activity softened as business confidence deteriorated and excessive inventories were worked out. Nonetheless, GDP growth for the year was still the fastest in the decade.

Subject: Employment, Expenditure, Labor, Unemployment, Wages

Keywords: Africa, budget, Caribbean, CR, debt ratio, deficit, draft budget, Eastern Europe, Employment, Europe, Global, government, interest rate development, ISCR, rate, social security budget, Southeast Asia, state expenditure, Unemployment, wage inflation, Wages

Pages:
57
Volume:
1999
DOI:
https://doi.org/10.5089/9781451813418.002
Issue:
127
Series:
Country Report No. 1999/127
Stock No:
1FRAEA0011999
ISBN:
9781451813418
ISSN:
1934-7685

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Notes

Included with the Staff Report is the text of Public Information Notice No. 99/100--IMF Concludes Article IV Consultation with France.

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