IMF Staff Country Reports

France: Staff Report for the 2004 Article IV Consultation

Publication Date:

November 3, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The staff report for the 2004 Article IV Consultation on France highlights economic performance and near-term outlook and policies. On structural issues, a health care reform has established the key instruments to gain control over the system’s budget. Ongoing civil service reform and decentralization are providing the opportunity to realize efficiency gains. Pension and health care reforms have improved the long-term fiscal outlook against the background of the impending demographic shock, while ongoing reforms in product markets are likely to boost growth.

Series:

Country Report No. 2004/343

Subject:

Employment Fiscal consolidation Fiscal policy Fiscal stance Labor Labor markets Public debt