France: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France

International Monetary Fund

No 2009/232, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2009 Article IV Consultation highlights that the global financial crisis and the contraction of world trade have pulled the French economy into a severe recession and put its financial sector under strain. Structural features combined with early policy action have helped soften the downturn. Executive Directors have noted that the near-term economic outlook remains challenging, with GDP growth expected to decrease by 3 percent in 2009. Directors have also stressed that safeguarding medium-term fiscal sustainability and avoiding unsustainable debt dynamics is a key priority for the coming years.

Keywords: ISCR; CR; authority; staff; economy; government level; government support; pension regime; support to the economy; government boost; Fiscal stimulus; Credit; Loans; Global; Europe (search for similar items in EconPapers)
Pages: 62
Date: 2009-07-31
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