France: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2000/147, IMF Staff Country Reports from International Monetary Fund

Abstract: France's recent economic performance has been distinctly positive, supported by policy reforms over a number of years and a favorable monetary and external environment. The fiscal deficit has narrowed significantly in recent years. Improving long-term economic performance depends crucially on significant reductions in France's high tax burden. Effective expenditure control over the medium term will depend on reforms of the civil service and of the major transfer programs, notably pensions. There has been notable progress in privatization, but less in opening up key network sectors.

Keywords: ISCR; CR; deficit; inflation; headline consumer price inflation; government; consensus growth forecast; consumer price; growth projection; oil price rise; exchange rate; oil prices average; Employment; Fiscal stance; Labor markets; Europe; Global (search for similar items in EconPapers)
Pages: 50
Date: 2000-11-13
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