France: Selected Issues Paper
Electronic Access:
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Summary:
This Selected Issues paper examines external developments and competitiveness in France. Over the past decade, the current account has deteriorated from a surplus of 1.2 percent of GDP in 2002 to a deficit of about 2.3 percent in 2012, as France lost ground in goods trade and services recorded just a slight increase in global market shares. The slight improvement of the trade deficit seen in 2012 may suggest a change in trend, although it is still too early to determine. Past deterioration in export performance points to competitiveness weaknesses, rooted in significant rigidities in labor and product markets.
Series:
Country Report No. 2013/252
Subject:
Balance of payments Current account Expenditure Exports Fiscal consolidation Fiscal policy International trade Production Total factor productivity
English
Publication Date:
August 5, 2013
ISBN/ISSN:
9781484389133/1934-7685
Stock No:
1FRAEA2013010
Pages:
84
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