IMF Staff Country Reports

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.