France: tenue de rigueur imposée. Perspectives 2013-2014 pour l'économie française

Eric Heyer, Marion Cochard, Bruno Ducoudré, Hervé Péléraux and Mathieu Plane

Revue de l'OFCE, 2013, vol. N° 129, issue 3, 101-169

Abstract: French GDP is expected to fall slightly in 2013(-0.2%)and recover by a modest 0.6% in 2014. Five years after thestart of the crisis, the French economy has a strong potential for recovery: GDP could grow spontaneously by2.6%per year on average in 2013 and 2014. But this spontaneousrecovery ishampered mainly by the introduction of budget consolidation measures in France andin otherEuropean countries. This budget strategy should reduce French GDP by 2.6percentage points in 2013 and by 2.0 percentagepoints in 2014. The labour market situation willcontinue todeteriorate. The unemployment rate will rise and reach 11.6% at the end of 2014. JEL Classification: F01.

Keywords: French; macroeconomic; forecasts (search for similar items in EconPapers)
JEL-codes: F01 (search for similar items in EconPapers)
Date: 2013
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