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France: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 232
Language:
English
Publication Date:
31 Jul 2009
DOI:
https://doi.org/10.5089/9781451813722.002
ISBN:
9781451813722
ISSN:
1934-7685
Pages:
62
Keywords:
ISCR; CR; authority; staff; economy; government level; government support; pension regime; support to the economy; government boost; Fiscal stimulus; Credit; Loans; Global; Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund