France: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France

July 31, 2009

Preview Citation

Format: Chicago

France: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France, (USA: International Monetary Fund, 2009) accessed November 27, 2024

Summary

This 2009 Article IV Consultation highlights that the global financial crisis and the contraction of world trade have pulled the French economy into a severe recession and put its financial sector under strain. Structural features combined with early policy action have helped soften the downturn. Executive Directors have noted that the near-term economic outlook remains challenging, with GDP growth expected to decrease by 3 percent in 2009. Directors have also stressed that safeguarding medium-term fiscal sustainability and avoiding unsustainable debt dynamics is a key priority for the coming years.

Subject: Banking, Credit, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Fiscal stimulus, Loans, Money, Public debt

Keywords: Authority, CR, Credit, Economy, Europe, Fiscal stimulus, Global, Government boost, Government level, Government support, ISCR, Loans, Pension regime, Staff, Support to the economy

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/232
Stock No:

1FRAEA2009001
ISBN:

9781451813722
ISSN:

1934-7685

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