France: Staff Report for the 1999 Article IV Consultation

International Monetary Fund

No 1999/127, IMF Staff Country Reports from International Monetary Fund

Abstract: This 1999 Article IV Consultation highlights that the economic recovery in France—which began hesitantly in the mid-1990s—strengthened in the first half of 1998 when internal demand became the driving force in a setting of price stability, strong competitiveness, and falling interest rates. By summer 1998, though, a weaker external environment in the wake of the emerging market crises had started to dampen the upswing. Activity softened as business confidence deteriorated and excessive inventories were worked out. Nonetheless, GDP growth for the year was still the fastest in the decade.

Keywords: ISCR; CR; deficit; budget; draft budget; government; rate; debt ratio; state expenditure; wage inflation; social security budget; interest rate development; Employment; Unemployment; Wages; Southeast Asia; Eastern Europe; Global; Europe; Africa; Caribbean (search for similar items in EconPapers)
Pages: 57
Date: 1999-10-28
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