France: Staff Report for the 2014 Article IV Consultation

July 3, 2014

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France: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This 2014 Article IV Consultation highlights that the economy of France fared better than most other large euro areas economies through the crisis, reflecting the resilience of private consumption, lack of financial fragmentation, and lower levels of household and corporate debt. Banks’ financial position has also been strengthened. But after two years of near stagnation, unemployment remains high. A loss of competitiveness has also weighed on growth. The outlook is for a gradual recovery, with GDP growth projected at 0.7 percent in 2014 and 1.4 percent in 2015, based on stronger external and domestic private demand, reflecting gains in real disposable income and improved profit margins.

Subject: Banking, Expenditure, Financial institutions, Labor, Loans, Minimum wages, Securities, Social security contributions, Taxes

Keywords: Authorities forecast, Authority, Banking sector, CR, Firm, France-Report on the Observance of Standards and Codes, General government balance, Global, Government, Investment fund, ISCR, Loans, Minimum wages, Securities, Social security contributions, Staff, Staff recommendation, Supervisory authorities

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/182
Stock No:

1FRAEA2014001
ISBN:

9781498328760
ISSN:

1934-7685

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