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France: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1997: Issue 027
Language:
English
Publication Date:
25 Apr 1997
DOI:
https://doi.org/10.5089/9781451813487.002
ISBN:
9781451813487
ISSN:
1934-7685
Pages:
103
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund