France: Recent Economic Developments

International Monetary Fund

No 1997/027, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in France during the 1990s. The recovery of activity that took hold in the second half of 1993 slackened markedly in early 1995. The slowdown was initially evident in domestic demand, particularly private consumption. This was followed by a weakening in exports, private nonresidential investment, and stock building, which became more pronounced toward the end of the year. The strikes of December 1995 had a further—albeit temporary—negative effect on output in the fourth quarter. Overall, real GDP grew by only 2.2 percent in 1995.

Keywords: ISCR; CR; government; company; wage; debt ratio; income tax; local government; direct tax; minimum wage; economic activity; tax revenue; government dissaving; Social security contributions; Income; Income and capital gains taxes; Europe (search for similar items in EconPapers)
Pages: 103
Date: 1997-04-25
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